Euronav sells VLCC to Altomare

Belgium tanker operator Euronav has sold its 2005-built VLCC TI Hellas to Greek owner Altomare as it continues to optimise its fleet.

According to shipbroking sources, the Hyundai Samho-built vessel has fetched a price of $38.3m, significantly higher than VesselsValue’s valuation of $34.68m.

The vessel is the third tanker sold by Euronav this year following the sale of the 2001-built suezmax tanker Cap Diamant in April and 2003-built suezmax Finesse in February.

In the meantime, broker sources also reported that Altomare sold three VLCCs, the 2000-built Kelly and Marbella as well as 2002-built Rene, to unspecified Middle Eastern buyers en bloc for a total price of $92m.

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.
Back to top button