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Euronav calls off Suezmax joint venture

The Belgian VLCC player has terminated a joint venture covering four Suezmax vessels with Bretta Tanker Holdings. Euronav will take over full ownership of the two youngest tanker vessels in the collaboration.

Euronav, which is listed New York and Brussels and primarily operates the major VLCC crude supertankers, has now terminated a joint venture with Bretta Tanker Holdings.

The venture between the Belgian tanker carrier and Bretta operated four Suezmax tankers, and following termination of the collaboration, Euronav will take over the two youngest tanker vessels from the venture, informs Euronav in a press release.

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