Belgium-based Euronav, an independent tanker owner, continues to dispose of older vessels in its fleet with the sale of 2006-built Suezmax Cap Charles.

The listed company in New York and Brussels confirmed today, that has sold the Suezmax vessel of 158,881 deadweight, “Cap Charles”, built in 2006, generating a capital gain of USD 22.1 million.

This sale is part of the company´s ongoing fleet renewal strategy and in response to new regulations such as EEXI (Energy Efficiency Existing Ship Index) which came into force earlier this year. The vessel Cap Charles is debt free and was delivered to her new owner on 16 February 2023. The company didn’t disclose the name of the new buyer, but said that this transaction will generate a capital gain of USD 22.1 million.

Euronav as Shipping Telegraph reported in November 2022 has sold another Suezmax ship as part of its fleet rejuvenation.

The shipowner has sold the Suezmax vessel of 158,889 deadweight, “Cap Guillaume”, debt free, built in 2006, and as the company was saying at that time, the capital gain of the sale was USD 14.3 million.

Euronav’s owned and operated fleet consists of 1 V-Plus vessel, 40 VLCCs (with further two under construction), 21 Suezmaxes (with a further five under construction) and 2 FSO vessels under long term contract.