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  • 2016 October 16 21:36

    Euronav NV agrees with Hyundai Heavy Industries to defer the delivery of two VLCC ex - yard resale vessels

    Euronav NV has  agreed  with  Hyundai  Heavy  Industries shipyard in South Korea to  defer the  delivery of the two VLCC ex - yard resale vessels  it recently purchased to the first quarter of 2017, the company said in its press release.  These  vessels,  previously  expected  to  be  delivered  between  October  and  November  2016,  will  now  be  delivered  in  January  2017. 

    Pursuant  to  these  deferred  deliveries ,  the  amount  of  approximately  USD  97 million  that  was  previously  expected  to  be  paid  to  the  shipyard  during  the fourth quarter of 2016 is now  expected to be paid in the first quarter of 2017.

    About Euronav

    Euronav is an independent tanker company engaged in the ocean transportation and storage of crude oil. The company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed  on Euronext Brussels and on the NYSE unde r the symbol EURN. Euronav employs its fleet both on the spot and  period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one  of the major partners. Euronav’s owned and operated fleet consists of  57 double hulled vessels being 1 V - Plus  vessel,  30  VLCCs  (of  which  1  in  50% - 50%  joint  venture),  two  VLCCs  under  construction  which  were  recently acquired as  resales  of  existing  newbuilding  contracts,  20 Suezmaxes,  two  Suezmaxes  under  construction and  two  FSO  vessels  (both  owned  in  50% - 50% joint venture). The company’s vessels mainly fly Belgian, Greek,  French and Marshall Island flags. 




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