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Home Ports and Shipping

Euronav sales of suezmax tanker $22.25m

bySadar Kareem
02/12/2015
in Ports and Shipping
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BRUSSELS: Belgium’s Euronav has confirmed the sale of its 17-year-old suezmax Cap Laurent for $22.25 million.
Brokers reported the sale in mid-November, citing the buyer as India’s Seven Islands Shipping. The tanker was delivered to its new owner on November 26.
Euronav says the sale generated a capital gain of around $11.1m, which will be recorded in the fourth quarter.
The $750m revolving credit facility Euronav announced in September has subsequently been reduced by $11.5m, the NYSE-listed company said.

Tags: Euronav sales of suezmax tanker $22.25m

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