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G PRESS RELEASE Regulated information Thursday 6 May 2021 - 8 a.m. CET EURONAV ANNOUNCES FIRST QUARTER 2021 RESULTS HIGHLIGHTS • Challenging quarter due to stunted demand recovery and restricted crude supply Euronav continuing to diversify financing with new sustainability - linked funding sources Investing for the future with VLCC and Suezmax fleet renewal added during quarter ANTWERP , Belgium , 6 May 2021 Euronav NV ( NYSE : EURN & Euronext : EURN ) ( " Euronav " or the " Company " ) today reported its non - audited financial results for the first quarter of 2021 , ended 31 March 2021 . Hugo De Stoop , CEO of Euronav said : " Low freight rate market conditions prevailed during Q1 and into the current quarter . Mobility restrictions linked to the COVID - 19 pandemic continue to affect global crude consumption . Whilst the tapering of OPEC + production cuts later this month is an encouraging sign , available large crude tonnage remains abundant . We remain confident that the market will recover in the medium - term and that is why we took advantage of available low asset prices to make counter - cyclical investments in both the VLCC and Suezmax segments during Q1 . Alongside the excellent relationships that Euronav maintains with shipyards , our new eco - ships will form a key part of our energy transition strategy to lower our fleet emissions . "