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Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds

Euronav Expects Tanker Market Momentum to be Maintained Despite Potential Headwinds
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Euronav Reports Strong Results While Frontline Merger is Delayed to Q1

While expressing continued support for the merger and delivering “a scalable and influential crude tanker platform,” management of tanker operator Eur.

Euronav buys Suezmax tankers under construction, set to be LNG and Ammonia-ready

Euronav buys Suezmax tankers under construction, set to be LNG and Ammonia-ready February 3, 2021, by Jasmina Ovcina Antwerp-based tanker shipping company Euronav NV has entered into a deal to acquire two eco-Suezmax newbuildings through a resale. Currently completing construction at the Daehan Shipyard in South Korea, the tankers are being acquired for an en-bloc price of $ 113 million. Both vessels are due for delivery in January 2022. Euronav said that the vessels were the latest generation of Suezmax Eco-type tankers. They will be fitted with scrubbers, ballast water treatment systems, and have the structural notation to be LNG Ready. The shipowner added that it was working closely with the shipyard to also have a structural notation to be Ammonia Ready. This provides the option to switch to other fuels at a later stage.

Euronav Buys Two Suezmax Tankers Under Construction

Euronav Buys Two Suezmax Tankers Under Construction Maritime Activity Reports, Inc. (File photo: Euronav) Belgian tanker operator Euronav said it has reached a deal to acquire two Suezmax tankers currently under construction at the Daehan Shipyard in South Korea for a total purchase price of $113 million. Both vessels are due for delivery in January 2022. The vessels are the latest generation of Suezmax Eco-type tankers, fitted with exhaust gas scrubbers and ballast water treatment systems. The vessels have LNG-ready notation, and Euronav said it is working with the shipyard to obtain ammonia-ready notation, providing the option to switch fuels at a later stage.

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