The Sea Asia Global Forum will kick-off the conference sessions at Southeast Asia’s largest maritime event on 25 April with top international executives discussing global shipping and energy markets.

Tanker shipowner Euronav saw its first half earnings decreased compared to the year-ago period due mainly to a one-time charge related to the termination of a joint venture deal.

Euronav reporting its strongest Q1 earnings for eight years at $113.5m is bullish on tanker prospects thanks to “manageable” fleet growth in the coming quarters.

Tanker operator Euronav booked a $350m profit in 2015, its best since 2008, in what ceo Paddy Rodgers described as a “landmark year”.

Euronav has reported sharply improved Q4 and full-year 2015 results, adding that tanker market fundamentals “remain healthy and look sustainable.”

Tanker owners remained bullish at a Marine Money conference in London on Wednesday despite concerns about an oversupply of tonnage as the newbuilding orderbook continues to grow.

Tanker owner Euronav has sold a secondhand VLCC at a price of $38.4m to Hong Kong-listed Agritrade Resources.

Euronav has declined to exercise options on four VLCC newbuild resales, despite booking a $245m profit in the first three quarters.

Euronav has signed for a new $750m credit facility with a group of banks led by DNB Bank and Nordea Bank.

Euronav has recorded profits of $92.3m in the second quarter of 2015, breaking a further post-2008 quarterly record, thanks to a strong tanker market.