Tanker giant Euronav has snapped up another tranche of its own shares in an ongoing buyback programme.
It said it had added 430,000 shares at a cost of EUR 2.84m ($3.28m) on Euronext Brussels between 2 January and 9 January.
The owner started buying stock on 19 December and has now amassed 0.97m shares.
This equates to 0.76% of the company.
It said it may continue to buy back its own shares "opportunistically."
The December spree cost it EUR 3.47m ($4m).
Analysts at Arctic Securities explained last month the buyback was part of the shipowner's capital allocation plan, which includes a fixed dividend of $0.12 per share.
Euronav stock opened 2018 - a year which saw it seal the takeover of Gener8 Maritime - at EUR 7.75 each and closed December at EUR 6.22 each.
