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.
The utility of the Euronav Compass centers around converting historical and immediate telemetry into tangible bottom-line value. The platform is engineered around three primary operational pillars: 1. Advanced voyage optimization
A key part of this new direction is a substantial order for built at the Qingdao Beihai shipyard in China. These new ships are:
The Euronav Compass faces a 2050 net-zero target that currently seems impossible for a conventional tanker. However, CMB.TECH’s strategy (Euronav’s controlling shareholder) is aggressive: Euronav Compass
Navigating the Future: The Euronav Compass Strategy in 2026 As of May 2026, the global maritime landscape is undergoing a massive transformation, driven by decarbonization, technological advancement, and volatile geopolitical shifts. At the helm of this evolution is , a cornerstone of the crude tanker industry, which has fully integrated into its new identity under the CMB.TECH umbrella.
As Euronav completely integrates into the CMB.TECH ecosystem to spearhead green ammonia and hydrogen-powered maritime transport, the digital infrastructure behind serves as a core blueprint for modernized, low-carbon fleet scaling. 1. The Core Infrastructure of the COMPAS System
Seafarer welfare and competency are critical to safe voyages. The Compass portal provides crew members with a direct gateway to manage their professional lives: For VLCC owners, this measured return is a net positive
Following the US shale revolution, VLCCs like the Euronav Compass frequently load at the Louisiana Offshore Oil Port (LOOP) or the Corpus Christi terminal for transatlantic voyages. When transiting to Asia, the vessel may opt for the Cape of Good Hope (South Africa) to avoid canal fees, or the Suez Canal depending on draft and toll economics.
The merger between Euronav and CMB.TECH has redefined the company’s strategic "compass." No longer just a conventional crude tanker owner, the combined entity is accelerating the energy transition in shipping.
So, where does the Euronav Compass point for the coming months? The utility of the Euronav Compass centers around
: Users can toggle between "Arc" or "Rose" compass indications and activate specific heading or track indications to suit their navigational needs [6]. Primary Applications
As a major European maritime player, Euronav’s strategy is increasingly steered by the European Union's Competitiveness Compass . This strategic framework, introduced in early 2025, focuses on: Sustainability Report - CMB.TECH