Euronav sells Suezmax crude oil tanker Cap Georges

By Vessels

Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announced earlier today that the Company has sold the Suezmax Cap Georges (1998 - 146,652 dwt) for USD 9.3 million.

Euronav sells Suezmax crude oil tanker Cap Georges
Caption: Crude oil tanker Cap Georges - Image courtesy of Michael Cermak

The vessel was delivered to her new owners yesterday. The Company will record a capital gain of approximately USD 8.5 million in the current quarter.

The sale of the Cap Georges is part of a fleet rejuvenation program and comes in anticipation of the delivery of the first of four Suezmax vessels early in 2018 currently under construction at the Hyundai yard in South Korea (HHI). These vessels are part of a seven year contract for four vessels with a leading global refinery player.  

Source: Euronav