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Euronav pushes two VLCC deliveries to Q1 2017

Belgian crude tanker behemoth Euronav has made a deal with its shipbuilder to push back delivery of two VLCC vessels to the first quarter 2017. The carrier thus also defers a large payment to early next year.

Photo: Euronav

Antwerp-based crude carrier Euronav, listed in New York and Brussels, postpones the delivery of two VLCC vessels originally set for delivery in October and November 2016 to now January 2017 instead, the carrier informs in a statement on Friday.

Specifically, the carrier has reached agreement with South Korean shipbuilder Hyundai Heavy Industries to postpone the vessels, thus also pushing back a payment of USD 96 million to the first quarter 2017.

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