Euronav sells suezmax tanker for offshore project

Belgium’s tanker shipping company Euronav has sold its Suezmax vessel Felicity to an undisclosed supplier and operator of offshore floating platforms.

As informed, the 157,667 dwt vessel has been delivered to its new owners and will be converted into an FPSO.

Euronav said it will record a capital loss on the sale of approximately USD 3 million in Q4 2018. The company expects to generate the cash of USD 21.1 million on this transaction, after repayment of debt.

Built at Samsung Heavy Industries shipyard in South Korea in 2009, the ship has a market value of USD 31.83 million, according to data provided by VesselsValue.

Euronav’s owned and operated fleet currently comprises two ULCCs, 43 VLCCs, 25 Suezmaxes, one LR1 and two FSO vessels (both owned in 50%-50% joint venture).

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