Euronav - Compass

At present, a vessel like the Euronav Compass emits roughly 16–20 grams of CO2 per ton-mile. While highly efficient compared to trucks or trains, this still contributes to Scope 3 emissions for oil companies.

A VLCC like the Euronav Compass is not just an engineering asset; it is a geopolitical weapon. Since Russia’s invasion of Ukraine in 2022, tanker routes have been redrawn. Euronav Compass

The Compass has predominantly traded on the Middle East Gulf to Asia (China, India, South Korea) route—the traditional “dirty” tanker lane. But crucially, Euronav has publicly committed to avoiding the “shadow fleet” of sanctioned oil. The Compass operates strictly within G7 price cap rules. At present, a vessel like the Euronav Compass

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. What differentiates the Euronav Compass from a standard

What differentiates the Euronav Compass from a standard VLCC built a decade ago? The answer lies in Euronav’s aggressive investment in "scubber technology."

Following Euronav’s recent corporate restructuring (including the settlement with CMB and the sale of older vessels to CMB.TECH), the Compass is expected to evolve in two key directions: