Euronav Tied to VLCC Sale

Euronav Antwerp-based tanker owner and operator Euronav has been linked to a sale of TI Topaz, a very large crude carrier (VLCC). Euronav allegedly entered into a sub-sale agreement with Greek-based company New Shipping on May 25, according to information provided by VesselsValue. Once the transaction is completed, the 319,400 dwt TI Topaz will be sold for USD 21 million. Built at South Korean Hyundai Samho Heavy Industries shipyard in 2002, the tanker features a length of 333 meters and a width of 60 meters. Market value of the 161,135 gross ton ship currently stands at USD 24.41 million. Following the sale of TI Topaz, Euronavs fleet will comprise a total of 56 vessels, the companys data shows. World Maritime News Staff