Euronav Compass [top] -

April 21, 2026 Author: Euronav Compass Editorial Team

For VLCC owners, this measured return is a net positive. A sudden flood of 2 million barrels per day would have created logistical bottlenecks and short-term rate suppression. Instead, the gradual easing—approximately 150,000 to 200,000 bpd per month—allows the supply chain to absorb the volumes without overwhelming floating storage or creating a tanker glut.

After a major corporate restructuring, Euronav has become the crude oil tanker division of , a company focused on decarbonization and diversification. This new direction includes investing in new technologies and alternative fuels like hydrogen and ammonia. In this strategic context, the "Euronav Compass" represents the company's ambitious journey toward a sustainable and profitable future, navigating the challenges of the global energy transition.

According to the Euronav Compass User Guide , the system provides several critical functions: Euronav Compass

The Euronav Compass is a maritime navigation system featuring specialized software for mission management and reporting. It utilizes proprietary software variations for professional and fishing sectors, including seaPro Professional and seaPro Fishing. For the technical user manual and software specifications, view the Euronav documentation . Euronav Compass User Guide 1.18 | PDF | Databases - Scribd

The Euronav Compass features:

Do you need technical breakdowns of the being used? April 21, 2026 Author: Euronav Compass Editorial Team

No compass remains useful if it refuses to adjust for magnetic declination—and in shipping, that declination is decarbonization. The most defining chapter in the history of the Euronav Compass occurred during the intense corporate tussle between the Saverys family (owners of CMB) and John Fredriksen (Frontline) over the future of the company.

The name Compass is apt. Beyond navigation, the vessel is a floating data center. Euronav outfitted the ship with its proprietary platform.

: Allows fleet managers to plan rotations, track global travel logistics, and audit compliance metrics. After a major corporate restructuring, Euronav has become

According to Euronav’s technical specifications, the Compass consumes than a standard 2010-era VLCC. In a market where bunker fuel represents 50% of voyage costs, that is the difference between profit and loss.

The most prominent section of the publication. It typically includes:

Euronav reports its earnings in TCE per day. As of recent market cycles, VLCC rates have fluctuated between $15,000/day (break-even levels) and $100,000/day (supply shock levels). The can generate massive cash flow during geopolitical disruptions (e.g., the Russian-Ukraine conflict rerouted trade flows, increasing ton-miles for VLCCs).

Serving major international oil companies (IOCs) and national oil companies (NOCs) with unmatched reliability.