Euronav offloads suezmax tanker for conversion

Euronav offloads suezmax tanker for conversion

Belgian tanker owner Euronav has sold its 2009-built 157,700 dwt suezmax tanker Felicity to an unnamed global supplier and operator of offshore floating platforms.

The sale has resulted in a capital loss of approximately $3m for the company, with cash generated on the transaction after repayment of debt around $21.1m.

The vessel will be converted into an FPSO by the new owner.

“Once again Euronav has demonstrated a capability to generate value for our stakeholders as part of our approach on fleet renewal. This is the eighth vessel we have successfully introduced into an offshore project. It reflects our reputation for providing high quality operational tonnage for the offshore sector,” said Paddy Rodgers, CEO of Euronav.

Euronav operates a fleet of 68 tankers made up of 41 VLCCs, 26 suezmax tankers and one LR1 tanker.

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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