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Home Icon > About Us > News > Euronav Sees $56 Million Paper Loss from VLSFO Bought Before Crude Collapse

Euronav Sees $56 Million Paper Loss from VLSFO Bought Before Crude Collapse

The company said it would not need to write down the value of the fuel stockpile -- despite a previous warning that it would need to -- because current strength in the tanker market more than offsets its loss.

WP_Post Object ( [ID] => 224713 [post_author] => 14 [post_date] => 2020-05-07 09:36:31 [post_date_gmt] => 2020-05-07 09:36:31 [post_content] =>

The company said it would not need to write down the value of the fuel stockpile -- despite a previous warning that it would need to -- because current strength in the tanker market more than offsets its loss.

[post_title] => Euronav Sees $56 Million Paper Loss from VLSFO Bought Before Crude Collapse [post_excerpt] => The company said it would not need to write down the value of the fuel stockpile -- despite a previous warning that it would need to -- because current strength in the tanker market more than offsets its loss. [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => euronav-sees-56-million-paper-loss-from-vlsfo-bought-before-crude-collapse [to_ping] => [pinged] => [post_modified] => 2020-05-07 09:36:31 [post_modified_gmt] => 2020-05-07 09:36:31 [post_content_filtered] => [post_parent] => 0 [guid] => https://shipandbunker.com/news/world/838080-euronav-sees-56-million-paper-loss-from-vlsfo-bought-before-crude-collapse [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )