Euronav Sells VLCC Famenne

Maritime Activity Reports, Inc.

January 20, 2016

Famenne (Photo: Euronav)

Famenne (Photo: Euronav)

Euronav NV has sold one of its two oldest VLCC vessels, the 2001-built, 298,412 dwt VLCC Famenne, for $38.4 million. The vessel is wholly owned by Euronav. 

The capital gain on that sale of about $13.8 million will be recorded at delivery.
Following the sale, the availability of the revolver under the $750 million facility will be reduced by $23.7 million. The vessel is expected to be delivered to its new owner in the course of the first quarter 2016.
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