Q&A with Alex Staring of Euronav

WHAT DO YOU THINK THE MAJOR ISSUES ARE THAT YOU FACE AS A SHIPPING LINE IN THE CONTEMPORARY AGE?

I think the greatest challenge for shipping lines is the access to capital and capital markets. This is why our dual listing and strong banking relationships are very important. The financing of tanker shipping has undergone structural changes in recent years. Only those corporate bodies with a strong operational focus and good stewardship of capital will continue to be supported.

HOW CAN PORTS, TERMINALS AND CARRIERS BETTER COLLABORATE?

In order for ports and carriers to collaborate in the most efficient way, we need a joint industry standard. Vessels are standard build but a lot of terminals have their own specifications and are not adjusted to the standard vessel designs. It would definitely contribute towards environmental excellence if there would be an industry body that would
regulate the layout of oil terminals…

Alex staring COO, Euronav, Antwerp, Belgium

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