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Euronav reaps million-dollar profit from selling tanker

Belgian crude oil carrier Euronav, proposed merging partner of Frontline, sells an older tanker for USD 21.5m and reaps a million-dollar profit.

Photo: PR / Euronav

Euronav trims its tanker fleet amid a shareholder dispute on a potential merger with Frontline.

The Belgian crude oil tanker company has just sold suezmax tanker Bari of 159,186 dwt to an unidentified buyer for USD 21.5m.

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