v3.25.2
Revenue and other operating income
6 Months Ended
Jun. 30, 2025
Revenue [abstract]  
Revenue and other operating income Revenue and other operating income
In the following table, revenue is disaggregated by type of contract
June 30, 2025
Marine
H2 Infra
H2
Industry
Less:
Eliminations
Total
Euronav
Bocimar
Delphis
Bochem
Windcat
Other
Total
Pool Revenue
64,766
8,861
73,627
73,627
Spot Voyages
91,206
183,653
274,859
274,860
Revenue from contracts with
customers
155,972
183,653
8,861
348,486
348,486
Time Charters
107,212
108,744
21,571
14,496
21,461
882
274,366
274,366
Lease income
107,212
108,744
21,571
14,496
21,461
882
274,366
274,366
Other
Total revenue
263,184
292,397
21,571
23,357
21,461
882
622,852
622,852
Other income
15,729
586
1,864
18,179
131
10,424
(8,579)
20,155
June 30, 2024
Marine
H2 Infra
H2
Industry
Less:
Eliminations
Total
Euronav
Bocimar
Delphis
Bochem
Windcat
Other
Total
Pool Revenue
113,125
8,889
122,014
122,014
Spot Voyages
219,780
29,705
249,485
249,485
Revenue from contracts with
customers
332,905
29,705
8,889
371,499
371,499
Time Charters
92,284
176
9,011
1,794
17,060
553
120,878
120,878
Lease income
92,284
176
9,011
1,794
17,060
553
120,878
120,878
Total revenue
425,189
29,881
9,011
10,683
17,060
553
492,377
492,377
Other income
35,774
1,130
263
754
37,921
362
841
(879)
38,245
The increase in total revenue for the period is primarily attributable to higher spot market revenue, driven by an increase in the number of vessels in the fleet. This
expansion is mainly the result of the acquisition of Golden Ocean, which became effective as of March 12, 2025. In addition, 10 newbuild drybulk vessels were
delivered and added to the fleet since June 30, 2024. The increase in the number of dry bulk vessels fully offsets the decline in spot revenue from the tanker division,
which was primarily attributable to a reduced number of tanker vessels in the fleet.
Spot revenue growth was partially offset by a decrease in pool revenue, primarily due to a reduction in the number of tanker vessels active in the pool.
Time charter revenue increased compared to the same period in the prior year, mainly due to the higher number of vessels employed on time charter, including
those acquired through the Golden Ocean transaction.
Other operating income comprises revenues related to the day-to-day commercial operation of the fleet that are not directly attributable to specific voyages. The
decrease in other operating income during the first half of 2025 is mainly the result of non-recurring items recognized in the first half of 2024. These included the gain
on the sale of Euronav Ship Management Hellas, liquidated damages received in connection with the sale of the N-class vessels (Noble, Nectar, and Newton), and
claim settlements.