Euronav parts with VLCC
Euronav said Friday it has sold its oldest double-hull very large crude carrier for $55.5 million.
The vessel TI Creation, built in 1998 at 298,324 deadweight tons, is scheduled to be delivered to its new owner in October. The capital loss to Euronav from the sale is about $9.9 million, which will be recorded in the company's second quarter earnings, scheduled for release on July 22.
The sale is part of Antwerp, Belgium-based Euronav's ongoing plan to remove older vessels and maintain a younger fleet.
Euronav parts with VLCC
