Euronav Gets USD 41.7 Mil VLCC Ardenne Venture

Euronav NV yesterday announced that the company sold the double-hulled VLCC Ardenne Venture (2004 –318,658 dwt), for USD 41.7 million.

The vessel is owned by a 50/50 joint venture company with Wah Kwong Maritime Transport Holdings Ltd.

The capital gain on this sale of about USD 2.2 million (Euronav’s part) will be recorded at delivery. The net cash proceeds available to Euronav after the mandatory repayment of its debt obligation will be USD 10.2 million. The vessel is foreseen to be delivered to its new owner between mid December 2013 and the beginning of February 2014.

Euronav, November 15, 2013

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2019 >>
MTWTFSS
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

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >