Euronav gains millions from finished leaseback agreement

Belgian crude carrier Euronav gains a large million-dollar sum from delivering four VLCC tankers back to the owner following the end of a five-year long sale-and-leaseback agreement.

Photo: euronav

On the tanker market, silver linings are few due to a plagued oil production and demand, so Euronav must be extra pleased with gaining a significant million-dollar amount from a completed sale-and-leaseback agreement.

Euronav has returned four very large crude carriers (VLCCs) to their owner following the end of the deal.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs