Euronav is a prominent owner and operator in the maritime shipping industry, specializing in the transportation and storage of crude oil and petroleum products. The company manages a fleet of modern large tankers, with a significant portion of its revenue derived from voyage charters. Euronav is organized into two main segments: tankers and floating storage and offloading (FSO) activities. The tankers segment, which accounts for the majority of the company's income, focuses on operating crude oil tankers across international markets. Additionally, Euronav offers FSO services, enhancing its capabilities in floating production and storage. The fleet consists of high-quality vessels with an average age of just under eight years, and the company maintains flexibility in fleet management by incorporating chartered vessels. Euronav's operational efficiency is bolstered by its in-house management and skilled workforce, which includes experienced seagoing officers and shore-based staff. The company's fleet operates under various flags, including Belgian, Greek, French, Marshall Islands, and Panamese.
Gener8 Maritime is a New York City-based provider of international seaborne crude oil transportation services, resulting from a merger between General Maritime Corporation and Navig8 Crude Tankers. The company operates a fleet of 46 tankers, including seven very large crude carriers (VLCCs), 11 Suezmax vessels, four Aframax vessels, two Panamax vessels, and one Handymax product carrier. This fleet enables efficient transportation of crude oil for oil companies. Gener8 Maritime is distinguished by its strategic partnership with the Navig8 Group, which operates one of the largest fully-integrated commercial management platforms in the industry. The company also has 21 VLCC new buildings under construction, expected to enhance its capacity significantly and position it among the largest non-state-owned VLCC fleets worldwide.
Tanklog Ltd.
Acquisition in 2005
Tanklog Ltd. is a shipping group, owns and leases marine tankers and vessels.
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