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Euronav swoops for suezmax resales

Photo of Sam Chambers Sam ChambersFebruary 1, 2021
1,499 Less than a minute

Euronav has switched its buying focus from VLCCs to suezmaxes. Clarksons Research reports that the Belgian tanker giant has swooped for two resales at Daehan Shipyard, originally ordered by Turkey’s Yasa Shipping.

Euronav is thought to be paying between $57m and $58m for each 158,000 dwt tanker. The ships deliver in January 2022.

“The sale of very modern Suezmaxes is relatively rare, in comparison with other tanker sectors, which no doubt contributed to the high level of interest registered in the berths when offers were submitted,” Clarksons Research explained in its latest weekly report.

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Photo of Sam Chambers Sam ChambersFebruary 1, 2021
1,499 Less than a minute
Photo of Sam Chambers

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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