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s HIGHLIGHTS ● PRESS RELEASE Regulated information Thursday 4 November 2021 - 8 a.m. CET EURONAV ANNOUNCES THIRD QUARTER 2021 RESULTS Several catalysts & seasonal trading patterns have triggered improved freight market from early September Despite this Q3 remained very challenging as it represented the trough of cycle New $ 200m corporate bond at lower coupon completed in September Q3 cash dividend of USD 3 c per share Sequential improvement in current quarter + 49 % in VLCC Q4 so far VLCC 46 % at USD 13,440 per day ; Suezmax 44 % at USD 9,750 per day ANTWERP , Belgium , 4 November 2021 - Euronav NV ( NYSE : EURN & Euronext : EURN ) ( " Euronav " or the " Company " ) reported its non - audited financial results for the third quarter ended 30 September 2021 today . Hugo De Stoop , CEO of Euronav said : We have every reason to be confident that we have now come through the trough of this particular cycle , after a third quarter that was among the most challenging for our market in recent memory . Alongside a seasonal uplift ahead of winter , several catalysts have driven a sustained upward movement in freight rates during the current quarter . The demand for oil transportation is recovering thanks to an improved crude demand as part of post - COVID global economic recovery , additional demand for fuel oil as energy producers are switching to a cheaper solution , and an OPEC + production growth translating into exports . Whilst this has come from a low base level , we believe this trajectory will be maintained as oil demand continues to recover toward pre COVID levels of consumption , and the robust medium term tanker market fundamentals gains traction going forward . "