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Euronav sells elderly suezmax

Euronav sells elderly suezmax

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Belgian tanker giant Euronav has offloaded one of its oldest suezmaxes. The 1998-built Cap Georges fetched $9.3m and was delivered to its new unspecified owners yesterday.

In a release, Euronav said the Cap Georges sale was part of the company’s fleet rejuvenation program and comes in anticipation of the delivery of the first of four suezmaxes from Hyundai Heavy early next year. The new quartet have been fixed on seven-year charters to a “leading global refinery player”, according to Euronav.

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Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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