Euronav Sells Suezmax Oldie

Belgium-based tanker owner Euronav has sold its 1998-built Suezmax tanker, Cap Jean.

The 146,643 dwt vessel, which was disposed for a price of USD 10.6 million, was delivered to its new owners on June 8.

Euronav informed that it will record a capital gain of around USD 10.6 million in the current quarter.

The sale of Cap Jean is part of the company’s fleet rejuvenation program.

Together with the sale Euronav is taking in operation four new Suezmax vessels, of which two have already been delivered, with the remaining two due for delivery from the Hyundai yard in South Korea (HHI) during summer 2018.

Those four vessels will all go under seven-year time charter contracts with an undisclosed refinery player, the company concluded.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2020 >>
MTWTFSS
27 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 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

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 >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >