How COVID-19 has impacted Euronav and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy Euronav shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on Euronav including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy Euronav shares.
Euronav is a Brussels Belgium based maritime shipping company that specializes in crude oil transportation and storage. It operates over 71 ships that are owned as well as part of joint ventures.
In 2014 Euronav acquired 15 tankers in a transaction reported at around $980 million. This increased their fleet by almost 50%. Then in 2017 it expanded again through a merger and absorption of Gener8 Maritime, a US-based company.
The company was established in 2004 and is a wholly owned division of Compagnie Maritime Belge (CMB). CMB trades on both the Euronext and New York Stock Exchange as EURN. CMB is controlled by the Saverys family.
Like other crude oil tanker shipping companies, Euronav experienced a significant drop on the stock value of this enterprise. Issuing a positive statement in January 2020, its CEO expressed optimism for long term containment of the virus and a return to business as usual.
Euronav is compliant with Royal Decrees and as such it will implement its meetings through non-personal contact. In compliance with social distancing, the Ordinary General Meeting scheduled for May 20 will be held through upfront distancing voting, upfront proxy, and questions accepted through written form only.
APRIL 9TH
The Special General Meeting held on April 9 failed to include a required quorum. For this reason a second Meeting is rescheduled with the same agenda.
APRIL 15TH
The company sold its oldest tanker for a reported $20.8 million. This is part of the overall plan to maintain a fleet as modern as possible with the advantages of technology available.
APRIL 20TH
Euronav published its annual report for 2019 reporting a compliance with regulatory fuel change switching from 3.5% sulphur content to a drastic 0.5%. It reported that it felt well positioned for 2020 with its management team and strong financial structure.
April 23RD
Euronav NV reported that it will announce its first quarter earnings on May 7 through a conference call incorporating a slide show.
It’s a very simple and straightforward process to getting started and owning a share of Euronav. Our step by step guide below will show you just how easy.
1. Pick a share trading platform.
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2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.
And that’s it, you’re now a shareholder. Congratulations!
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