Antwerp-based crude oil tanker operator Euronav NV announced that its subsidiary Euronav Luxembourg has sold the Very Large Crude Carrier (VLCC) ‘VK Eddie’, as part of its regular fleet rejuvenation.
The 2005-built VLCC has been delivered to to a global supplier and operator of offshore floating platforms to be converted into an FPSO and therefore will leave the worldwide trading fleet, the company informed.
Euronav considers regular fleet rejuvenation an important function of vessel management in providing quality services to its clients,
…the company explained.
The 305,261 dwt ‘VK Eddie’ is the ninth vessel Euronav has introduced into an offshore project over the past decade.
A capital gain on the sale of approximately USD 14.4 million will be recorded during the current quarter.
With the transaction, Euronav sold its oldest VLCC, bringing the total balance of its VLCC fleet to 42 VLCCs, with an average age of 6.7 years.
