Euronav sells Suezmax Finesse

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Image used for representational purposes only (Image Courtesy: Euronav)

Euronav NV (NYSE: EURN & Euronext: EURN) today announced that the Company has sold the Suezmax vessel M/T Finesse (2003 – 149,994 dwt) for USD 21.8 million.

A capital gain on the sale of approximately USD 8.3 million will be recorded during the current quarter. The vessel has been delivered to her new owners.

“Euronav considers regular fleet rejuvenation an important function of vessel management in providing quality services to our clients,” Euronav stated.

With the transaction Euronav sold one of its oldest Suezmax vessels, bringing the total balance of its Suezmax fleet to 26 vessels (including JVs).

Sea News, February 25