Euronav offloads elderly suezmax

Euronav offloads elderly suezmax

Belgium tanker operator Euronav has sold its 1998-built suezmax tanker Cap Romuald as part of the company’s fleet rejuvenation program.

The 146,640dwt vessel has fetched a price of $10.6m, and is likely headed for scrapping.

In the meantime, Euronav is taking into operation four new suezmax vessels, of which three have already been delivered, with the remaining one due for delivery at the end of August.

The four vessels will all go under seven-year time charter contracts with a global refinery player.

Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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