Profits generated by the crude oil tanker fleet are actively utilized to fund the research, development, and scaling of low-carbon marine solutions. 2. Digital Navigation: The COMPAS Cloud Ecosystem
Serving major international oil companies (IOCs) and national oil companies (NOCs) with unmatched reliability.
After a major corporate restructuring, Euronav has become the crude oil tanker division of , a company focused on decarbonization and diversification. This new direction includes investing in new technologies and alternative fuels like hydrogen and ammonia. In this strategic context, the "Euronav Compass" represents the company's ambitious journey toward a sustainable and profitable future, navigating the challenges of the global energy transition. Euronav Compass
Why not LNG or methanol? When the Compass was designed in 2017–2018, LNG bunkering infrastructure was scarce, and the price premium was prohibitive. Euronav took a pragmatic view: build the most efficient conventional tanker possible, then retrofit later.
: The system complies with strict aviation standards (RTCA/DO-178B and DO-254 Level C), which provides peace of mind for operators in safety-critical sectors. Profits generated by the crude oil tanker fleet
The Compass is fitted with a closed-loop scrubber, allowing it to burn cheaper high-sulfur fuel oil while meeting IMO 2020 sulfur caps. This saves approximately $5,000–$8,000 per day in fuel costs compared to burning VLSFO.
Key innovations include:
The Saverys family assumed controlling interest of Euronav.
✅ Fast Calculations : Designed to speed up mission-critical navigational math when every second counts.✅ Seamless Integration : Connects easily to your NMEA0183 GPS for real-time tracking.✅ Smart Data : Uses the unique GXF format for clear, human-readable geographical mapping. After a major corporate restructuring, Euronav has become