Oil tanker operator Euronav reported 3Q revenues that fell 22% on a year earlier. While the lowest since 2Q 2014, they were 16% better than expected. Time charter rates that fell by just 4% sequentially for VLCCs and 2% for Suezmax did better than the Baltic Dirty Tanker index’s 10% slide. That also resulted in an EBITDA margin of 39% vs. 24% forecast. That’s still lower than the prior year’s 45% last year and won’t prevent the sector’s contraction to 30% from 34%. Management continue to believe a firm recovery in rates won’t come until late 2018, depending on scrapping levels. Recent ne...