ShippingWatch

Euronav sells three ships in leasing arrangement

Tanker shipping company Euronav has sold three ships to a Chinese leasing company in a sale-and-leaseback arrangement. The sale gives Euronav proceeds of more than USD 20 million.

Photo: PR / Euronav

Belgian tanker company Euronav sells three VLCC ships to Taiping & Sinopec Financial Leasing Co., Ltd., says the company in a press release.

Specifically, Euronav has signed a sale-and-leaseback agreement worth USD 126 million, in which Euronav will lease the ships back on a 54-month bareboat contract.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs