Modec confirmed as buyer of Euronav VLCC

Modec confirmed as buyer of Euronav VLCC

Japanese FPSO operator Modec has been confirmed to be the buyer of Euronav’s 2005-built VLCC VK Eddie.

Euronav announced the sale of the vessel last week, and shipbroking sources report that Modec bought the vessel for $38m to be converted into an FPSO.

Modec currently operates a fleet of 25 vessels, made up of five tankers and 20 floating units.

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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