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Analysts believe strong shipping markets will ensure Euronav’s massive newbuilding programme is fully funded.
The Belgian shipowner, which is gearing up to be rebranded CMB-Tech said in its second quarter results that $2.7bn remains to be paid for 50 newbuildings including tankers, bulkers and container ships.
Investment bank Clarksons Securities said that despite increasing time-charter coverage, the Saverys family company remains dependent on crude tanker and dry bulk markets, as most earnings days remain open.
