The Euronav Compass features:
The magazine is structured around several core themes that reflect the company’s operational priorities:
Following Euronav’s recent corporate restructuring (including the settlement with CMB and the sale of older vessels to CMB.TECH), the Compass is expected to evolve in two key directions:
While headline charter rates fluctuate, the fundamental value driver for Euronav remains the tonne-mile. In 2026, we are witnessing a bifurcation of trade flows that rewards the modern, fuel-efficient vessel.
The result? Even with flat global oil demand, the distance a barrel travels has increased by an estimated 4% year-on-year. For a VLCC, this translates directly into elevated utilization rates for the remainder of 2026.
The Euronav Compass features:
The magazine is structured around several core themes that reflect the company’s operational priorities:
Following Euronav’s recent corporate restructuring (including the settlement with CMB and the sale of older vessels to CMB.TECH), the Compass is expected to evolve in two key directions:
While headline charter rates fluctuate, the fundamental value driver for Euronav remains the tonne-mile. In 2026, we are witnessing a bifurcation of trade flows that rewards the modern, fuel-efficient vessel.
The result? Even with flat global oil demand, the distance a barrel travels has increased by an estimated 4% year-on-year. For a VLCC, this translates directly into elevated utilization rates for the remainder of 2026.