Group entities (Tables)

12 Months Ended

Dec. 31, 2021

Interests in Other Entities [Abstract]

Disclosure of interests in subsidiaries

	Country of incorporation	Consolidation method	Ownership interest
			December 31, 2021		December 31, 2020		December 31, 2019
Parent
Euronav NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav NV, Antwerp, Geneva (branch office)
Euronav NV, London (branch office)
Subsidiaries
Euronav Tankers NV	Belgium	full	NA		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	%
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	%	100.00	%
Gener8 Maritime Subsidiary New IV Inc.	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Management LLC	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Subsidiary V Inc.	Marshall Islands	full	NA		NA		100.00	%
Gener8 Maritime Subsidiary VIII Inc.	Marshall Islands	full	NA		NA		100.00	%
Gener8 Maritime Subsidiary Inc.	Marshall Islands	full	NA		NA		100.00	%
GMR Zeus LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Atlas LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Hercules LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Ulysses LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Posseidon LLC	Marshall Islands	full	NA		NA		100.00	%
Victory Ltd.	Bermuda	full	NA		NA		NA
Vision Ltd.	Marshall Islands	full	NA		NA		NA
GMR Spartiate LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Maniate LLC	Marshall Islands	full	NA		NA		100.00	%
GMR St Nikolas LLC	Marshall Islands	full	NA		NA		100.00	%
GMR George T LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Kara G LLC	Liberia	full	NA		NA		100.00	%
GMR Harriet G LLC	Liberia	full	NA		NA		100.00	%
GMR Orion LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Argus LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Spyridon LLC	Marshall Islands	full	NA		NA		NA
GMR Horn LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Phoenix LLC	Marshall Islands	full	NA		NA		100.00	%

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

Disclosure of interests in joint ventures

	Country of incorporation	Consolidation method	Ownership interest
			December 31, 2021		December 31, 2020		December 31, 2019
Parent
Euronav NV	Belgium	full	100.00	%	100.00	%	100.00	%
Euronav NV, Antwerp, Geneva (branch office)
Euronav NV, London (branch office)
Subsidiaries
Euronav Tankers NV	Belgium	full	NA		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	%
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	%	100.00	%
Gener8 Maritime Subsidiary New IV Inc.	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Management LLC	Marshall Islands	full	100.00	%	100.00	%	100.00	%
Gener8 Maritime Subsidiary V Inc.	Marshall Islands	full	NA		NA		100.00	%
Gener8 Maritime Subsidiary VIII Inc.	Marshall Islands	full	NA		NA		100.00	%
Gener8 Maritime Subsidiary Inc.	Marshall Islands	full	NA		NA		100.00	%
GMR Zeus LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Atlas LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Hercules LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Ulysses LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Posseidon LLC	Marshall Islands	full	NA		NA		100.00	%
Victory Ltd.	Bermuda	full	NA		NA		NA
Vision Ltd.	Marshall Islands	full	NA		NA		NA
GMR Spartiate LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Maniate LLC	Marshall Islands	full	NA		NA		100.00	%
GMR St Nikolas LLC	Marshall Islands	full	NA		NA		100.00	%
GMR George T LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Kara G LLC	Liberia	full	NA		NA		100.00	%
GMR Harriet G LLC	Liberia	full	NA		NA		100.00	%
GMR Orion LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Argus LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Spyridon LLC	Marshall Islands	full	NA		NA		NA
GMR Horn LLC	Marshall Islands	full	NA		NA		100.00	%
GMR Phoenix LLC	Marshall Islands	full	NA		NA		100.00	%

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

(in thousands of USD)	December 31, 2021	December 31, 2020
Assets
Interest in joint ventures	72,446	51,703
Interest in associates	—	—
TOTAL ASSETS	72,446	51,703
Liabilities
Interest in joint ventures	—	—
Interest in associates	—	—
TOTAL LIABILITIES	—	—

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)		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)

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)		Bari Shipholding Ltd		Bastia Shipholding Ltd		Total
At December 31, 2020
Percentage ownership interest	50	%	50	%	50	%	50	%	50	%	50	%	50	%	50	%
Non-Current assets	—		—		118,337		112,160		720		—		20,079		—		251,296
of which vessel	—		—		118,337		112,160		—		—		20,079		—		250,576
Current Assets	—				10,187		10,176		232,865		243		2,609		514		256,595
of which cash and cash equivalents	—		—		1,138		1,109		3,124		—		1,573		193		7,137
Non-Current Liabilities	—				65,355		30,652		276		—		17,271		—		113,554
of which bank loans	—		—		19,929		19,215		—		—		—		—		39,144
Current Liabilities	—				29,277		30,547		228,851		61		2,856		345		291,937
of which bank loans	—		—		25,886		24,961		37,500		—		—		—		88,347
Net assets (100%)	—		—		33,893		61,136		4,458		182		2,562		170		102,401
Group's share of net assets	—		—		16,946		30,568		2,715		107		1,281		85		51,703
Shareholders loans to joint venture	—		—		16,665		—		—		—		17,271		—		33,936
Net Carrying amount of interest in joint venture	—		—		16,946		30,568		2,715		107		1,281		85		51,703
Remaining shareholders loan to joint venture	—		—		16,665		—		—		—		17,271		—		33,936
Revenue	—		—		49,922		49,976		1,478,909		—		12,288		14,131		1,605,227
Depreciations and amortization	—		—		(16,858)		(16,562)		(56)		—		(4,257)		(2,871)		(40,604)
Interest expense	—		—		(3,358)		(3,233)		(1,651)		—		(1,834)		(1,251)		(11,327)
Income tax expense	—		—		(10,397)		(10,135)		(232)		—		—		—		(20,764)
Profit (loss) for the period (100%)	(1)		(1)		9,549		9,855		800		(34)		(1,748)		3,246		21,666
Other comprehensive income (100%)	—		—		(1)		(3)		—		—		—		—		(4)
Group's share of profit (loss) for the period	—		—		4,775		4,927		487		(20)		(874)		1,623		10,917
Group's share of other comprehensive income	—		—		—		(1)		—		—		—		—		(2)

	Asset
(in thousands of USD)	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, 2021
Percentage ownership interest	50	%	50	%	50	%	50	%	50	%	50	%
Non-Current assets	108,245		102,454		503		—		15,210		—		226,413
of which vessel	108,245		102,454		—		—		15,210		—		225,910
Current Assets	10,883		10,073		295,289		231		6,582		403		323,461
of which cash and cash equivalents	1,799		984		4,059		—		17		320		7,179
Non Current Liabilities	33,755		10,245		66		—		20,228		—		64,295
of which bank loans	—		—		—		—		—		—		—
Current Liabilities	25,153		24,305		290,626		68		4,466		112		344,731
of which bank loans	20,075		19,361		51,500		—		—		—		90,937
Net assets (100%)	60,221		77,977		5,100		163		(2,903)		290		140,848
Group's share of net assets	30,110		38,988		3,106		96		(1,451)		145		70,995
Shareholders loans to joint venture	11,465		—		—		—		20,228		—		31,694
Net Carrying amount of interest in joint venture	30,110		38,988		3,106		96		—		145		72,446
Remaining shareholders loan to joint venture	11,465		—		—		—		18,777		—		30,242
Revenue	50,105		50,160		649,665		—		11,872		—		761,801
Depreciations and amortization	(10,092)		(9,706)		(39)		—		(4,869)		—		(24,706)
Interest expense	(2,005)		(1,943)		(1,054)		—		(1,932)		(1)		(6,934)
Income tax expense	(2,646)		(2,626)		(141)		—		—		—		(5,413)
Profit (loss) for the period (100%)	25,357		25,180		642		(19)		(5,464)		121		45,816
Other comprehensive income (100%)	971		930		—		—		—		—		1,902
Group's share of profit (loss) for the period	12,678		12,590		391		(11)		(2,732)		60		22,976
Group's share of other comprehensive income	486		465		—		—		—		—		951

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, 2021			December 31, 2020
	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	9,699	9,699	9,681	22,179	22,179	22,088
TI Asia Ltd loan 54M*	USD	libor + 2.0%	2022	9,699	9,699	9,681	22,179	22,179	22,088
TI Africa Ltd revolving loan 56M*	USD	libor + 2.0%	2022	10,058	10,058	10,038	23,001	23,001	22,908
TI Africa Ltd loan 56M*	USD	libor + 2.0%	2022	10,058	10,058	10,038	23,001	23,001	22,908
Total interest-bearing bank loans				39,513	39,513	39,437	90,360	90,360	89,991

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

(in thousands of USD)	2021	2020
Cash and cash equivalents of the joint ventures	7,179	7,137
Group's share of cash and cash equivalents	4,036	3,912

Schedule of entities dissolved

In 2020 the following subsidiaries were dissolved:

Gener8 Maritime Subsidiary V Inc.	GMR Defiance LLC
Gener8 Maritime Subsidiary VIII Inc.	Companion Ltd.
Gener8 Maritime Subsidiary Inc.	Compatriot Ltd.
GMR Zeus LLC	Gener8 Neptune LLC
GMR Atlas LLC	Gener8 Athena LLC
GMR Hercules LLC	Gener8 Apollo LLC
GMR Ulysses LLC	Gener8 Ares LLC
GMR Poseidon LLC	Gener8 Hera LLC
GMR Spartiate LLC	Gener8 Constantine LLC
GMR Maniate LLC	Gener8 Oceanus LLC
GMR St Nikolas LLC	Gener8 Nestor LLC
GMR George T LLC	Gener8 Nautilus LLC
GMR Kara G LLC	Gener8 Macedon LLC
GMR Harriet G LLC	Gener8 Noble LLC
GMR Orion LLC	Gener8 Ethos LLC
GMR Argus LLC	Gener8 Perseus LLC
GMR Horn LLC	Gener8 Theseus LLC
GMR Phoenix LLC	Gener8 Hector LLC