Now that it has fixed its future ownership with the Saverys family back in control, tanker giant Euronav has lifted the option for one more VLCC at Qingdao Beihai in China and ordered two suezmaxes at Daehan Shipbuilding in South Korea.
Euronav now has three VLCCs on order at Qingdao Beihai with the latest one expected to be delivered in Q4 2026 featuring a dual-fuel diesel-ammonia engine.
The two ice classed suezmax orders at Daehan have been long term time chartered to Valero. Delivery of these vessels is expected in April/May 2026.
Alexander Saverys, recently installed as Euronav’s CEO, said: “These two transactions reflect the strength of the Euronav position in the tanker market and the rapid application of our new strategy.”
The Saverys family-controlled Compagnie Maritime Belge (CMB) officially took control of Euronav last month with John Fredriksen selling his stake in the tanker giant in return for 24 Euronav VLCCs.
