Tanker operator Euronav reported 4Q revenues that were 10% higher than the third quarter and 12% better than analysts surveyed by Reuters forecasted. The outperformance gives hope that the industry recovery is underway after a 45% increase in tanker rates in the fourth quarter. Saudi-owned Bahri delivered an even stronger performance with revenues jumping 22%. For the industry overall, analysts forecast a 6% growth in revenues for the fourth quarter vs. the third. While Euronav committed to its usual dividend policy, investors’ attention may be drawn to remaining liquidity needs for the ...
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