How Much Did Euronav Gain Upon the Redelivery Of 4 VLCCs?


A recent news article published in the Splash 247 by Sam Chambers states that Euronav gains $18m upon redelivery of four sale and leaseback VLCCs.

Redelivery of four VLCCs

Belgian tanker giant Euronav has revealed that upon the redelivery of four VLCCs, which occurs at the maturity of a five-year sale and leaseback agreement, the company will book a $18m capital gain on disposal of assets.

The four VLCCs are the NautilusNavarinNeptun and the Nucleus.

After the departure of these four VLCCs the Euronav fleet will comprise of 41 VLCCs, 27 suezmaxes, 2 FSOs and two ULCCs. Euronav has welcomed two suezmax newbuildings this month, the Cedar and the Cypress.

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Source: Splash247