Group entities (Tables)

12 Months Ended

Dec. 31, 2019

Interests in Other Entities [Abstract]

Disclosure of interests in subsidiaries

	Country of incorporation	Consolidation method	Ownership interest
			December 31, 2019		December 31, 2018		December 31, 2017
Parent
Euronav NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav NV, Antwerp, Geneva (branch office)
Subsidiaries
Euronav Tankers NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav Shipping NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav (UK) Agencies Limited	UK	full	100.00	%	100.00	%	100.00	%
Euronav Luxembourg SA	Luxembourg	full	100.00	%	100.00	%	100.00	%
Euronav sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Antwerp (branch office)
Euronav Ship Management Ltd	Liberia	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Hellas (branch office)
Euronav Hong Kong	Hong Kong	full	100.00	%	100.00	%	100.00	%
Euro-Ocean Ship Management (Cyprus) Ltd	Cyprus	full	100.00	%	100.00	%	100.00	%
Euronav Singapore	Singapore	full	100.00	%	100.00	%	100.00	%
Fiorano Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Larvotto Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Euronav MI II Inc	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Subsidiary II Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary New IV Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Management LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary V Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary VIII Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Zeus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Atlas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Hercules LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Ulysses LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Posseidon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Victory Ltd.	Bermuda	full	NA		100.00	%	NA
Vision Ltd.	Marshall Islands	full	NA		100.00	%	NA
GMR Spartiate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Maniate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR St Nikolas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR George T LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Kara G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Harriet G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Orion LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Argus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Spyridon LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Horn LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Phoenix LLC	Marshall Islands	full	100.00	%	100.00	%	NA

GMR Strength LLC	Liberia	full	NA		100.00	%	NA
GMR Daphne LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Defiance LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Elektra LLC	Marshall Islands	full	NA		100.00	%	NA
Companion Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Compatriot Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Consul Ltd.	Bermuda	full	NA		100.00	%	NA
GMR Agamemnon LLC	Liberia	full	NA		100.00	%	NA
Gener8 Neptune LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Athena LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Apollo LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ares LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hera LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Constantine LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Oceanus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nestor LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nautilus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Macedon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Noble LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ethos LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Perseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Theseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hector LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Strength Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Supreme Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Andriotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Militiades Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Success Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Chiotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 1 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 2 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 3 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 4 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 5 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 6 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 7 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 8 Inc.	Marshall Islands	full	NA		100.00	%	NA
Joint ventures
Kingswood Co. Ltd	Marshall Islands	equity	50.00	%	50.00	%	50.00	%
TI Africa Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
TI Asia Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
Tankers Agencies (UK) Ltd	UK	equity	50.00	%	50.00	%	NA
Tankers International LLC	Marshall Islands	equity	50.00	%	50.00	%	NA
Bari Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Bastia Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Associates
Tankers International LLC	Marshall Islands	equity	NA		NA		40.00	%

Disclosure of interests in joint ventures

	Country of incorporation	Consolidation method	Ownership interest
			December 31, 2019		December 31, 2018		December 31, 2017
Parent
Euronav NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav NV, Antwerp, Geneva (branch office)
Subsidiaries
Euronav Tankers NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav Shipping NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav (UK) Agencies Limited	UK	full	100.00	%	100.00	%	100.00	%
Euronav Luxembourg SA	Luxembourg	full	100.00	%	100.00	%	100.00	%
Euronav sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Antwerp (branch office)
Euronav Ship Management Ltd	Liberia	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Hellas (branch office)
Euronav Hong Kong	Hong Kong	full	100.00	%	100.00	%	100.00	%
Euro-Ocean Ship Management (Cyprus) Ltd	Cyprus	full	100.00	%	100.00	%	100.00	%
Euronav Singapore	Singapore	full	100.00	%	100.00	%	100.00	%
Fiorano Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Larvotto Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Euronav MI II Inc	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Subsidiary II Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary New IV Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Management LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary V Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary VIII Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Zeus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Atlas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Hercules LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Ulysses LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Posseidon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Victory Ltd.	Bermuda	full	NA		100.00	%	NA
Vision Ltd.	Marshall Islands	full	NA		100.00	%	NA
GMR Spartiate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Maniate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR St Nikolas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR George T LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Kara G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Harriet G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Orion LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Argus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Spyridon LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Horn LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Phoenix LLC	Marshall Islands	full	100.00	%	100.00	%	NA

GMR Strength LLC	Liberia	full	NA		100.00	%	NA
GMR Daphne LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Defiance LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Elektra LLC	Marshall Islands	full	NA		100.00	%	NA
Companion Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Compatriot Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Consul Ltd.	Bermuda	full	NA		100.00	%	NA
GMR Agamemnon LLC	Liberia	full	NA		100.00	%	NA
Gener8 Neptune LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Athena LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Apollo LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ares LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hera LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Constantine LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Oceanus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nestor LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nautilus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Macedon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Noble LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ethos LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Perseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Theseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hector LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Strength Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Supreme Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Andriotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Militiades Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Success Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Chiotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 1 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 2 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 3 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 4 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 5 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 6 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 7 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 8 Inc.	Marshall Islands	full	NA		100.00	%	NA
Joint ventures
Kingswood Co. Ltd	Marshall Islands	equity	50.00	%	50.00	%	50.00	%
TI Africa Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
TI Asia Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
Tankers Agencies (UK) Ltd	UK	equity	50.00	%	50.00	%	NA
Tankers International LLC	Marshall Islands	equity	50.00	%	50.00	%	NA
Bari Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Bastia Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Associates
Tankers International LLC	Marshall Islands	equity	NA		NA		40.00	%

The following table contains summarized financial information for all of the Group's joint ventures:

	Asset
(in thousands of USD)	Kingswood Co. Ltd		Seven Seas Shipping Ltd		TI Africa Ltd		TI Asia Ltd		Tankers Agencies (UK) Ltd (see Note 24)		TI LLC (see Note 24)		Total
At December 31, 2017
Percentage ownership interest	50	%	50	%	50	%	50	%	50	%	50	%
Non-Current assets	629		—		182,298		175,826		363		98		359,214
of which Vessel	—		—		171,612		164,587		—		—		336,199
Current Assets	—		993		12,639		10,521		149,650		1,108		174,912
of which cash and cash equivalents	—		689		4,062		1,968		1,889		—		8,608
Non-Current Liabilities	—		629		200,231		128,653		—		—		329,514
Of which bank loans	—		—		—		—		—		—		—
Current Liabilities	111		91		766		687		147,453		975		150,083
Of which bank loans	—		—		—		—		43,000		—		43,000
Net assets (100%)	518		273		(6,060	)	57,007		2,560		232		54,530
Group's share of net assets	259		137		(3,030	)	28,503		1,559		136		27,565
Shareholders loans to joint venture	—		—		100,115		62,647		—		—		162,762
Net Carrying amount of interest in joint venture	259		137		—		28,503		1,559		136		30,595
Remaining shareholders loan to joint venture	—		—		97,085		62,647		—		—		159,732
Revenue	—		61		61,015		58,011		—		—		119,087
Depreciations and amortization	—		—		(18,209	)	(17,933	)	—		—		(36,142	)
Interest Expense	—		—		(90	)	(1,961	)	—		—		(2,052	)
Income tax expense	—		—		383		(3,359	)	—		—		(2,976	)
Profit (loss) for the period (100%)	(2	)	130		34,269		25,467		—		—		59,865
Other comprehensive income (100%)	—		—		—		966		—		—		966
Group's share of profit (loss) for the period	(1	)	65		17,135		12,734		—		—		29,932
Group's share of other comprehensive income	—		—		—		483		—		—		483

(in thousands of USD)	Kingswood Co. Ltd		Seven Seas Shipping Ltd		TI Africa Ltd		TI Asia Ltd		Tankers Agencies (UK) Ltd (see Note 24)		TI LLC (see Note 24)		Total
At December 31, 2018
Percentage ownership interest	50	%	50	%	50	%	50	%	50	%	50	%
Non-Current assets	522		—		154,553		147,962		306		—		303,343
of which Vessel	—		—		153,404		146,654		—		—		300,058
Current Assets	—		792		9,119		22,450		351,702		288		384,351
of which cash and cash equivalents	—		696		484		2,561		2,487		—		6,227
Non-Current Liabilities	—		522		130,068		74,171		—		—		204,760
Of which bank loans	—		—		70,080		67,551		—		—		137,630
Current Liabilities	6		1		24,400		23,699		349,096		48		397,250
Of which bank loans	—		—		23,867		23,015		64,500		—		111,382
Net assets (100%)	516		269		9,205		72,542		2,912		240		85,685
Group's share of net assets	258		134		4,603		36,271		1,774		141		43,182
Shareholders loans to joint venture	—		—		28,665		—		—		—		28,665
Net Carrying amount of interest in joint venture	258		134		4,603		36,271		1,774		141		43,182
Remaining shareholders loan to joint venture	—		—		28,665		—		—		—		28,665
Revenue	—		1		49,129		49,180		749,229		—		847,540
Depreciations and amortization	—		—		(18,209	)	(17,933	)	(71	)	—		(36,213	)
Interest expense	—		—		(3,857	)	(3,733	)	(2,571	)	—		(10,161	)
Income tax expense	—		—		(1,585	)	(1,611	)	(216	)	—		(3,412	)
Profit (loss) for the period (100%)	(2	)	(5	)	15,742		15,977		352		10		32,074
Other comprehensive income (100%)	—		—		(477	)	(441	)	—		—		(918	)
Group's share of profit (loss) for the period	(1	)	(2	)	7,871		7,989		214		6		16,076
Group's share of other comprehensive income	—		—		(239	)	(220	)	—		—		(459	)

(in thousands of USD)	Kingswood Co. Ltd		Seven Seas Shipping Ltd		TI Africa Ltd		TI Asia Ltd		Tankers Agencies (UK) Ltd (see Note 24)		TI LLC (see Note 24)		Bari Shipholding Ltd		Bastia Shipholding Ltd		Total
At December 31, 2019
Percentage ownership interest	50	%	50	%	50	%	50	%	50	%	50	%	50	%	50	%
Non-Current assets	530		—		137,426		128,722		944		—		21,833		21,628		311,083
of which Vessel	—		—		135,195		128,722		—		—		21,833		21,628		307,377
Current Assets	—		800		10,809		10,001		418,505		267		1,573		5,577		447,531
of which cash and cash equivalents	—		800		1,701		917		3,246		—		—		250		6,913
Non Current Liabilities	—		525		97,514		49,026		490		—		18,390		18,773		184,718
Of which bank loans	—		—		45,567		43,927		—		—		—		—		89,495
Current Liabilities	10		1		26,370		27,318		415,301		51		705		4,328		474,085
Of which bank loans	—		—		24,856		23,968		135,000		—		—		—		183,824
Net assets (100%)	520		274		24,351		62,379		3,658		216		4,310		4,104		99,811
Group's share of net assets	260		137		12,175		31,189		2,227		127		2,155		2,052		50,322
Shareholders loans to joint venture	—		—		23,215		—		—		—		18,390		18,773		60,379
Net Carrying amount of interest in joint venture	260		137		12,175		31,189		2,227		127		2,155		2,052		50,322
Remaining shareholders loan to joint venture	—		—		23,215		—		—		—		18,390		18,773		60,379
Revenue	—		8		49,434		49,487		1,307,523		—		938		1,970		1,409,360
Depreciations and amortization	—		—		(18,209	)	(17,933	)	(67	)	—		(273	)	(507	)	(36,988	)
Interest expense	—		—		(4,633	)	(4,482	)	(3,292	)	—		(155	)	(202	)	(12,764	)
Income tax expense	—		—		(1,588	)	(1,573	)	(243	)	—		—		—		(3,405	)
Profit (loss) for the period (100%)	(3	)	6		15,881		15,743		746		(24	)	310		104		32,763
Other comprehensive income (100%)	—		—		(735	)	(706	)	—		—		—		—		(1,441	)

Group's share of profit (loss) for the period	(1	)	3	7,941		7,871		454	(14	)	155	52	16,460
Group's share of other comprehensive income	—		—	(367	)	(353	)	—	—		—	—	(720	)

(in thousands of USD)	December 31, 2019	December 31, 2018
Assets
Interest in joint ventures	50,322	43,182
Interest in associates	—	—
TOTAL ASSETS	50,322	43,182
Liabilities
Interest in joint ventures	—	—
Interest in associates	—	—
TOTAL LIABILITIES	—	—

(in thousands of USD)	2019	2018
Cash and cash equivalents of the joint ventures	6,913	6,227
Group's share of cash and cash equivalents	3,814	3,385
of which restricted cash	—	—

The following table summarizes the terms and debt repayment profile of the bank loans held by the joint ventures:

(in thousands of USD)				December 31, 2019			December 31, 2018
	Curr.	Nominal interest rate	Year of mat.	Facility size	Drawn	Carrying value	Facility size	Drawn	Carrying value
TI Asia Ltd revolving loan 54M*	USD	libor +2.0%	2022	34,163	34,163	33,948	45,671	45,671	45,283
TI Asia Ltd loan 54M*	USD	libor +2.0%	2022	34,163	34,163	33,948	45,671	45,671	45,283
TI Africa Ltd revolving loan 56M*	USD	libor +2.0%	2022	35,429	35,429	35,212	47,362	47,362	46,974
TI Africa Ltd loan 56M*	USD	libor +2.0%	2022	35,429	35,429	35,212	47,362	47,362	46,974
Total interest-bearing bank loans				139,183	139,183	138,319	186,067	186,067	184,513

* The mentioned secured bank loans are subject to loan covenants.

Disclosure of interests in associates

	Country of incorporation	Consolidation method	Ownership interest
			December 31, 2019		December 31, 2018		December 31, 2017
Parent
Euronav NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav NV, Antwerp, Geneva (branch office)
Subsidiaries
Euronav Tankers NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav Shipping NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav (UK) Agencies Limited	UK	full	100.00	%	100.00	%	100.00	%
Euronav Luxembourg SA	Luxembourg	full	100.00	%	100.00	%	100.00	%
Euronav sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management sas	France	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Antwerp (branch office)
Euronav Ship Management Ltd	Liberia	full	100.00	%	100.00	%	100.00	%
Euronav Ship Management Hellas (branch office)
Euronav Hong Kong	Hong Kong	full	100.00	%	100.00	%	100.00	%
Euro-Ocean Ship Management (Cyprus) Ltd	Cyprus	full	100.00	%	100.00	%	100.00	%
Euronav Singapore	Singapore	full	100.00	%	100.00	%	100.00	%
Fiorano Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Larvotto Shipholding Ltd	Hong Kong	full	NA		100.00	%	100.00	%
Euronav MI II Inc	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Subsidiary II Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary New IV Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Management LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary V Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary VIII Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Maritime Subsidiary Inc.	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Zeus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Atlas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Hercules LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Ulysses LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Posseidon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Victory Ltd.	Bermuda	full	NA		100.00	%	NA
Vision Ltd.	Marshall Islands	full	NA		100.00	%	NA
GMR Spartiate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Maniate LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR St Nikolas LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR George T LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Kara G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Harriet G LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Orion LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Argus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Spyridon LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Horn LLC	Marshall Islands	full	100.00	%	100.00	%	NA
GMR Phoenix LLC	Marshall Islands	full	100.00	%	100.00	%	NA

GMR Strength LLC	Liberia	full	NA		100.00	%	NA
GMR Daphne LLC	Marshall Islands	full	NA		100.00	%	NA
GMR Defiance LLC	Liberia	full	100.00	%	100.00	%	NA
GMR Elektra LLC	Marshall Islands	full	NA		100.00	%	NA
Companion Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Compatriot Ltd.	Bermuda	full	100.00	%	100.00	%	NA
Consul Ltd.	Bermuda	full	NA		100.00	%	NA
GMR Agamemnon LLC	Liberia	full	NA		100.00	%	NA
Gener8 Neptune LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Athena LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Apollo LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ares LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hera LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Constantine LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Oceanus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nestor LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Nautilus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Macedon LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Noble LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Ethos LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Perseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Theseus LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Hector LLC	Marshall Islands	full	100.00	%	100.00	%	NA
Gener8 Strength Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Supreme Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Andriotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Militiades Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Success Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Chiotis Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 1 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 2 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 3 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 4 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 5 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 6 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 7 Inc.	Marshall Islands	full	NA		100.00	%	NA
Gener8 Tankers 8 Inc.	Marshall Islands	full	NA		100.00	%	NA
Joint ventures
Kingswood Co. Ltd	Marshall Islands	equity	50.00	%	50.00	%	50.00	%
TI Africa Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
TI Asia Ltd	Hong Kong	equity	50.00	%	50.00	%	50.00	%
Tankers Agencies (UK) Ltd	UK	equity	50.00	%	50.00	%	NA
Tankers International LLC	Marshall Islands	equity	50.00	%	50.00	%	NA
Bari Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Bastia Shipholding Ltd	Hong Kong	equity	50.00	%	NA		NA
Associates
Tankers International LLC	Marshall Islands	equity	NA		NA		40.00	%

(in thousands of USD)	December 31, 2019	December 31, 2018
Assets
Interest in joint ventures	50,322	43,182
Interest in associates	—	—
TOTAL ASSETS	50,322	43,182
Liabilities
Interest in joint ventures	—	—
Interest in associates	—	—
TOTAL LIABILITIES	—	—

Schedule of entities dissolved

In 2019 the following subsidiaries were dissolved:

GMR Strength LLC	Gener8 Tankers 8 Inc.
GMR Daphne LLC	Gener8 Strength Inc.
GMR Elektra LLC	Gener8 Supreme Inc.
GMR Agamemnon LLC	Gener8 Andriotis Inc.
Gener8 Tankers 1 Inc.	Gener8 Miltiades Inc.
Gener8 Tankers 2 Inc.	Gener8 Success Inc.
Gener8 Tankers 3 Inc.	Gener8 Chiotis Inc.
Gener8 Tankers 4 Inc.	Vision Ltd.
Gener8 Tankers 5 Inc.	Consul Ltd.
Gener8 Tankers 6 Inc.	Victory Ltd.
Gener8 Tankers 7 Inc.	GMR Spyridon LLC