Euronav sells VLCC Artois
Euronav NV has sold the VLCC Artois (2001 – 298 ,330 dwt) for USD 22 million, the company said in its press release. The Artois is wholly owned by Euronav and is the oldest vessel in the Company’s VLCC fleet. The Company will record a capital gain of approximately USD 7.7 million on the sale which will be recorded in the current quarter. The vessel is expected to be delivered to its new owners in early December.
Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on Euronext Brussels and on the NYSE unde r the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 56 double hulled vessels being 1 V -Plus vessel, 30 VLCCs, 19 Suezmaxes, four Suezmaxes under construction and two FSO vessels (both owned in 50% -50% joint venture). The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags.