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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.

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