Euronav Announces Order for 2 Dual-Fuel Bitumen Tankers


Euronav NV (“EURN”, “Euronav” or “the Company”) (NYSE: EURN & Euronext: EURN) is pleased to announce that it has concluded an order for two bitumen tankers with China Merchants Jinling Shipyard (Yangzhou) Dingheng Co. (Yangzhou, China). The vessels are expected to be delivered in the fourth quarter of 2026 and have been chartered to a strong counterparty for 10 years upon delivery from the shipyard.

About the vessels

The vessels will have dual-fuel green methanol engines that are ready to be retrofitted for
future operation on ammonia. Worldwide there are 230 bitumen tankers with an average
age of 15 years. The ordered vessels’ deadweight will be 17,000 tons, which is twice the
8,000-ton average of the existing fleet.

Bitumen tankers are tankers that mainly carry asphalt at a temperature of 250 degrees.
Euronav & CMB.TECH is committed to becoming the reference in sustainable shipping by
focusing on diversification, optimization & decarbonisation.

The group also announced two-time charter contracts with Valero in December 2023.
Earlier this year, CMB.TECH & Euronav announced the construction of the world’s first
ammonia-fuelled container ship in partnership with NCL and Yara. With the addition of the
charters for the two new bitumen tanker charters, the total contract backlog of Euronav
amounts to 1,975 million USD.

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Source: Euronav