Euronav sells Suezmax tanker for FPSO conversion

Felicity; Source: Euronav

Tanker company Euronav has sold the Suezmax vessel Felicity to an unnamed global supplier and operator of offshore floating platforms.

The Suezmax tanker Felicity, with a 157,667 deadweight tonnage, was built in 2009 by Samsung.

Announcing the sale on Tuesday, Euronav said that a capital loss on the sale of approximately $3 million would be recorded in 4Q 2018 and the cash generated on this transaction after repayment of debt would be $21.1 million.

The vessel has been delivered to its new owners and will be converted into an FPSO and therefore leave the worldwide trading fleet.

Paddy Rodgers, CEO of Euronav said: “Once again Euronav has demonstrated a capability to generate value for our stakeholders as part of our approach on fleet renewal. This is the eighth vessel we have successfully introduced into an offshore project. It reflects our reputation for providing high quality operational tonnage for the offshore sector.”

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply