Euronav offloads another ageing suezmax

The suezmax rejuvenation programme at Euronav proceeds apace with the Belgian tanker owner revealing today it has sold the 2006-built Cap Guillaume, generating a capital gain of $14.3m. The vessel is debt free and expected to be delivered to its new owners during the current quarter.

Last month Euronav offloaded the 2006-built suezmax Cap Philippe to an undisclosed buyer for $33m.

In June, Euronav shipped out its two oldest suezmax vessels, the 2003-built Cap Leon, renamed Nanda Devi and the 2004-built Cap Pierre renamed Huelva Star and also, has recently sold the 2002-built ultra large crude carrier Europe.

Also last month Euronav booked a pair of scrubber-fitted suezmaxes at Daehan Shipbuilding in South Korea for delivery in Q3 of 2024.

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.
Back to top button