Euronav confirms VLCC sale

Belgian tanker operator Euronav has announced the sale of its 2005-built VLCC TI Hellas, confirming a report from Splash last month.

The vessel has been sold to Greek owner Altomare and has fetched a price of $38.1m. The vessel will be delivered to the new owners at the end of May, after completion of its current voyage.

“Euronav considers regular fleet rejuvenation an important function of vessel management in providing quality services to our clients,” the company said.

Euronav has sold one VLCC and two suezmax vessels – all over 15 years of age – since begining of this year. It has also acquired four newbuild VLCC resales due for delivery later in 2020 and early 2021.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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