Euronav sells elderly suezmax

Euronav’s fleet rejuvenation program continues at pace. The Belgian company has sold the 20-year-old suezmax, Cap Jean, for $10.6m, the company revealed in a release without mentioning the buyer.

Euronav has recently taken two suezmax newbuilds with another two set to join the fleet soon from Hyundai Heavy Industries in South Korea. These four ships are to go on seven-year time charters to an unspecified global refinery player.

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.
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