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Euronav and Hunter Group sell ships

While the tanker market is in the doldrums due to weak oil consumption, tanker carriers Euronav and Hunter Group have sold off a couple of tanker vessels.

Photo: PR / Euronav

Belgian Euronav has sold one of the tanker carrier's VLCC tankers, "Newton", on a sale-and-leaseback agreement. Meanwhile, Norwegian tanker carrier Hunter Group divests its oldest tanker, "Hunter Atla", both companies inform in separate press releases.

Euronav sold its VLCC tanker for a price of USD 36 million in a sale-and-leaseback agreement with Chinese finance firm Taiping & Sinopec Financial Leasing Co.

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