Euronav NV (NYSE: EURN & Euronext: EURN) (Euronav) announced earlier this month that the Company has sold the Suezmax Cap Romuald (1998 – 146,640 dwt) for USD 10.6 million.

Euronav Sells Suezmax Cap Romuald
Caption: Crude oil tanker Cap Romuald - Image courtesy of Patrick Doran

The vessel was delivered to her new owners on 22 August. The Company will record a capital gain of approximately USD 9 million in the current quarter. The sale of the Cap Romuald is part of a fleet rejuvenation program.

Together with the sale Euronav is taking in operation four new Suezmax vessels, of which three (Cap Pembroke, Cap Quebec and Cap Port Arthur) have already been delivered. Those 4 vessels will all go under seven year time charter contracts with a leading global refinery player.

Source: Euronav