Euronav Books Profit from Sale of Chartered Ship

By Eric Haun
Wednesday, August 27, 2014

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

As announced by Euronav in March 2013, the company is entitled to a share of the profit should the selling price exceed a certain threshold, and therefore the company will book a profit of $4.3 million in the third quarter of 2014.
 

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