Euronav Confirms to Be in Talks to Buy 4 VLCCs

Euronav Confirms to Be in Talks to Buy 4 VLCCs

Belgian tanker owner Euronav NV reacted to recent market speculations on its plan to buy up to eighteen tankers for USD 1.2 billion, confirming only that the company is currently in ”advanced talks” to buy four very large crude carriers (VLCCs).

Euronav was reported to be negotiating to buy eight VLCCs from Greece’s Metrostar Management for USD 98 million per vessel.

The company was also said to be interested in buying 10 Suezmax tankers from US-based Principal Maritime Tankers Corp. for around USD 480 million.

However, Euronav dismissed the speculations, saying that the company has not made an offer on the Principal Maritime Suezmax vessels.

If the deal for the four VLCCs is concluded, it would be funded from debt and existing liquidity available under revolving facilities, Euronav says.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >