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Euronav Sells Suezmax Cap Jean

Euronav Sells Suezmax Cap Jean
Euronav NV has announced the sale of Suezmax Cap Jean (1998 – 146,643 dwt) for USD 10.6 million. The vessel was delivered to her new owners on June 8th.

The Company will record a capital gain of approximately USD 10.6 million in the current quarter. The sale of the Cap Jean is part of a fleet rejuvenation program.

Together with the sale Euronav is taking in operation four new Suezmax vessels, of which two have already been delivered, with the remaining two due for delivery from the Hyundai yard in South Korea (HHI) during summer 2018.

Those 4 vessels will all go under seven year time charter contracts with a leading global refinery player.

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