Euronav orders suezmax pair at HHI after sealing Valero Energy charter

Euronav orders suezmax pair at HHI after sealing Valero Energy charter

Belgium-headquartered Euronav has ordered a pair of ice class suezmax tankers at Korea’s Hyundai Heavy Industries.

The order has been placed to fulfil two new seven-year time charter contracts signed with Valero Energy. The charters will commence once the vessels are delivered, currently scheduled for 2018.

Paddy Rodgers, CEO of Euronav, commented: “Euronav and its predecessors have been serving the Quebec refinery with purpose built new buildings since 1998. In a world of continuous change our commitment to serve our customer remains a constant point”.

Euronav did not disclose the financial details of the charter or the price of the vessels ordered, but did say it has secured what it believes is an excellent price for two vessels.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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