World Maritime News – Page 111

Euronav Cuts Net Loss in Third Quarter

The company’s net loss was at USD 22.9 million, compared to a net loss of USD 58.7 million seen a year earlier.

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The second delay was made due to “the high complexity and the sheer size of the ship project.”

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Net profit reached QAR 419 million, up by 5%, while operating revenues increased to QAR 1.83 billion.

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Three units are being fitted with scrubbers, while the remaining three are to start installation in the coming weeks.

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The decline in order intake reflected weak vessel contracting and softened demand for scrubber systems.

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