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EURONAV announces final Half Year Results

08-29-2007 04:13 PM CET | Logistics & Transport

Press release from: Euronav NV

/ PR Agency: ImpressCommunications Ltd
During its meeting of 28 August 2007, Euronav’s board of directors approved the final consolidated financial statements for the period ended 30 June 2007. This press release refers also to the one distributed on 24 July 2007.

A full version of the condensed consolidated interim financial statements for the sixth months ended 30 June 2007, prepared in accordance with IAS 34 and including the joint statutory auditor’s review report, can be downloaded from www.euronav.com.

For the third quarter, the estimated average TCE rates for the company’s owned VLCC traded in the pool is about USD 39,000/day (3Q06: USD 69,500/day). This estimate is based on more than 80% of available spot days already fixed in the third quarter.

Contact:
M. Hugo De Stoop
Deputy CFO
Tel: +32 3 247 44 11
financial@euronav.com

Impress Communications Ltd
DMR House
8-10 Cleave Avenue
Farnborough
Kent
BR6 7DR

++44 (0)1689 860660
info@impresscommunications.org

Euronav is one of the world's leading independent tanker companies engaged in the ocean transportation of crude oil and petroleum products. The Company's modern fleet consists of interests in 25 very large crude carriers (VLCC) and ultra large crude carriers (ULCC), of which 10 vessels are chartered in from third parties either directly or jointly with partners. 21 VLCCs and 2 ULCCs are managed in the Tankers International pool of which Euronav is one of the major partners. Euronav owns and also operates 14 Suezmaxes and 2 Aframaxes. Euronav also has now a further 4 Suezmaxes and 2 VLCCs under construction.

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