Published on in Vol 14 (2025)

Compass | Euronav
The Euronav Compass: A Tanker Built for the Perfect Storm
By [Author Name]
Floating Storage
When the oil futures market enters "contango" (future prices higher than spot prices), the Euronav Compass often becomes a floating storage unit. She will anchor off the coast of Singapore or the Gulf of Mexico for months at a time, waiting for prices to rise before discharging her cargo. Euronav Compass
, a major global crude oil tanker company, though it recently underwent a corporate rebranding to in late 2025. Lloyd's List technical support for the navigation software, or are you researching the shipping company's The Euronav Compass: A Tanker Built for the
Tactical mapping and camera control for pursuing targets or surveillance. Search & Rescue (SAR): Lloyd's List technical support for the navigation software,
The Euronav Compass: Navigational Precision in Mission Management
To navigate the complex global trade routes efficiently, Euronav developed the FAST (Fleet Automatic Statistics & Tracking) platform. This IoT-based system provides a "single source of truth" for vessel data, allowing for: Euronav | Oil tanker brand of CMB.TECH
In late 2023, the vessel was tracked performing a ship-to-ship (STS) transfer off Malaysia—a legal but high-scrutiny area often used to disguise Iranian or Russian oil origins. Euronav, known for rigorous compliance, would have conducted extensive due diligence. This highlights the ethical tightrope: a clean, efficient, transparent vessel is still moving crude that fuels global emissions and, indirectly, conflicts.
