Euronav Offloads Its Oldest VLCC

EuronavIllustration (Euronav's VLCC Hakata); Image Courtesy: Euronav

Belgium-based shipping company Euronav has disposed of VK Eddie, a 2005-built very large crude carrier (VLCC).

As informed, the 305,261 dwt vessel was sold by Euronav’s subsidiary Euronav Luxembourg to an unnamed supplier and operator of offshore floating platforms.

A capital gain on the sale is approximately USD 14.4 million, according to the company.

The 330,572 cbm vessel has been delivered to its new owner and will be converted into an FPSO, therefore leaving the worldwide trading fleet.

Euronav said that VK Eddie has become the ninth vessel the company has introduced into an offshore project over the past decade.

With the newest transaction that is part of the company’s fleet rejuvenation program, Euronav sold its oldest VLCC. In January this year, the company also sold its Suezmax vessel Felicity that will be converted into an FPSO.

Following the sale, Euronav has a fleet of 42 VLCCs, 2 ULCCs, 25 Suezmaxes and 2 FSO vessels.

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