Euronav is an international shipping enterprise which focuses on oil transport by sea.
The fleet management is conducted by three wholly owned subsidiaries Euronav Ship Management SA and Euronav SAS, both French companies with headquarters in Nantes, France and with a major branch office in Antwerp, Belgium and Euronav Ship Management (Hellas) Ltd. with branch office in Athens, Greece. Euronav vessels fly Belgian, Greek and French flag Most of Euronav’s VLCCs and two or three V-Plus are operated in the Tankers International pool.
On 5 January 2014 Euronav announced that it has entered into a contract to acquire 15 VLCC tankers from Maersk subsidiary Maersk Tankers Singapore in a deal worth US$980 million. This deal will bring the number of ships from Euronav from thirtyfive to fifty.
In December 2017 it became known that Euronav took over its American competitor Gener8 Maritime. The take over will take form of a merger by moving all Gener8’s shares under Euronav’s umbrella with Gener8 becoming a daughter company. Euronav will have 72 percent of the shares, compared to 28 percent for the Gener8 stockholders. The new group will have a fleet of 75 tankers, including 44 VLCC’s.