Euronav confirms sale of suezmax tanker

Euronav confirms sale of suezmax tanker

Belgium’s Euronav has confirmed the sale of its 17-year-old suezmax Cap Laurent for $22.25m.

Brokers reported the sale in mid-November, citing the buyer as India’s Seven Islands Shipping. The tanker was delivered to its new owner on November 26.

Euronav says the sale generated a capital gain of around $11.1m, which will be recorded in the fourth quarter.

The $750m revolving credit facility Euronav announced in September has subsequently been reduced by $11.5m, the NYSE-listed company said.

Holly Birkett

Holly is Splash's Online Editor and correspondent for the UK and Mediterranean. She has been a maritime journalist since 2010, and has written for and edited several trade publications. She is currently studying for membership of the Institute of Chartered Shipbrokers. In 2013, Holly won the Seahorse Club's Social Media Journalist of the Year award. She is currently based in London.

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