Euronav warns dividends could go as tanker newbuilds flood the market
(WorldNews Belgium)

With red ink now seeping onto its books Euronav has braced investors for the likelihood of no dividends coming up as the tanker sector heads through the doldrums. The Belgian tanker giant suffered a $24.24m net loss in the second quarter as a flood of newbuilds poured out of Asian yards further damaging the weak supply/demand tanker picture. `In...