Euronav has entered into a contract to acquire fifteen Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd for a total acquisition price of USD 980 million.
The vessels have an average age of four years and will expand the large tanker fleet of Euronav made of one ULCC, eleven VLCCs and 23 Suezmaxes. The vessels will be operated in the Tankers International VLCC Pool of which Euronav is a founding member.
The outlook for the large crude tanker market has improved significantly over the last months indicating a resurgence of demand and an improved near term outlook.
Each vessel will be sold under the industry standard sale form as a stand-alone asset with deliveries taking place between late January and June with the exception of one vessel currently under charter, which will be delivered towards the end of the year.
Picture: One of Euronav's current VLCCs, the Famenne (by Euronav)
