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.