Euronav sells oldest VLCC

Euronav sells oldest VLCC

Belgian owner Euronav has sold 2005-built 305,261 dwt VLCC VK Eddie, the oldest VLCC in its fleet.

VK Eddie was the oldest VLCC in Euronav’s fleet, and the company will record a capital gain of $14.4m on the sale.

The vessel has been delivered to the new owners, who are converting the vessel into an FPSO.

“Euronav considers regular fleet rejuvenation an important function of vessel management in providing quality services to its clients,” the company said.

Euronav said it will record a capital gain of $14.4m on the sale. Its VLCC fleet now stands at 42 vessels, with an average age of 6.7 years.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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