Euronav Confirms Sale of TI Topaz

Belgium-based tanker owner Euronav has confirmed the sale of TI Topaz, one of its two oldest very large crude carriers (VLCCs).

As World Maritime News earlier reported, the 319,430 dwt ship was sold for USD 21 million.

Built by Hyundai Samho Heavy Industries in South Korea in 2002, the vessel was sold to Greece-based New Shipping, VesselsValue’s data shows.

Euronav said it will record in the current quarter a capital loss on the sale of TI Topaz in an amount of USD 21 million.

The vessel is expected to be delivered during the second quarter ahead of its third special survey, which will be performed by its new owner.

“The TI Topaz joined the Euronav Fleet in the first quarter of 2005 and has contributed positively over the years to the results of Euronav especially during strong freight rate years such as 2005, 2006, 2008, 2010, 2015 and 2016,” Euronav commented.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2018 >>
MTWTFSS
28 29 30 31 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 1

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

The 27th World Gas Conference

The 27th World Gas Conference is the leading global industry event and is the definitive gathering of influential leaders, buyers and sellers, policy-makers and experts from around the world.

You will hear critical business insights and lively debates on the most topical issues facing the global gas industry today and in the future.

From 25-29 June 2018, Washington DC is expected to host 12,000 attendees, 500 speakers and 350 exhibitors representing, more than 600 companies from 100 countries.

Presented by the IGU, this is the largest and most high-profile gas event that is conducted by the industry for the industry.

Read More

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >