{"id":47689,"date":"2016-05-20T07:52:59","date_gmt":"2016-05-20T07:52:59","guid":{"rendered":"https:\/\/splash247.com\/?p=47689"},"modified":"2016-05-20T07:52:03","modified_gmt":"2016-05-20T07:52:03","slug":"euronav-and-bretta-terminate-suezmax-joint-venture","status":"publish","type":"post","link":"https:\/\/splash247.com\/euronav-and-bretta-terminate-suezmax-joint-venture\/","title":{"rendered":"Euronav and Bretta terminate suezmax joint venture"},"content":{"rendered":"<p>Euronav has agreed with Bretta Tanker Holdings to terminate its suezmax joint venture.<\/p>\n<p>The joint venture covers four suezmax vessels: the <em>Captain Michael<\/em>, the <em>Maria<\/em>, the <em>Eugenie<\/em> and the <em>Devon<\/em>.<\/p>\n<p>Euronav will assume full ownership of the two youngest vessels, the Captain Michael and the Maria, and Bretta will assume full ownership of the Eugenie and the Devon. Euronav will compensate its partner for the difference in value due to the younger age profile of the ships it will own, as well as the voyages in progress and will pay Bretta $15.1m.<\/p>\n<p>\u201cThe termination of the joint venture will allow us to account directly for what was our share in the joint venture instead of having to use the equity method,\u201d Euronav said in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euronav has agreed with Bretta Tanker Holdings to terminate its suezmax joint venture. The joint venture covers four suezmax vessels: the Captain Michael, the Maria, the Eugenie and the Devon. Euronav will assume full ownership of the two youngest vessels, the Captain Michael and the Maria, and Bretta will assume full ownership of the Eugenie &hellip;<\/p>\n","protected":false},"author":3,"featured_media":34540,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,58],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Euronav and Bretta terminate suezmax joint venture - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/euronav-and-bretta-terminate-suezmax-joint-venture\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Euronav and Bretta terminate suezmax joint venture - Splash247\" \/>\n<meta property=\"og:description\" content=\"Euronav has agreed with Bretta Tanker Holdings to terminate its suezmax joint venture. The joint venture covers four suezmax vessels: the Captain Michael, the Maria, the Eugenie and the Devon. 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