Deliveries of Maersk VLCC’s to Euronav

Markets, News, Sales and Purchases, Tankers — By on July 1, 2014 at 6:52 PM

EURONAV funnelANTWERP, Belgium, 1 July 2014 – With reference to the press release of 5 January 2014 in which Euronav NV (NYSE EURONEXT BRUSSELS: EURN) announced the acquisition of fifteen (15) Very Large Crude Carriers (VLCC) from Maersk Tankers Singapore Pte Ltd., the company announces today that 8 of the VLCCs have been delivered in the first half of 2014.

 

 

 

EURONAV MAERSK 01072014

 

 

 

 

 

 

Deliveries of the remaining VLCCs from the acquired Maersk fleet will increase the company’s fleet by another 7 VLCCs. Those deliveries are scheduled to take place in the month of July, save for one vessel (Maersk Sandra) which shall be delivered no later than 30 March 2015.

Second quarter results 2014: Wednesday, 23 July 2014
Announcement final half year results 2014: Wednesday, 27 August 2014

About Euronav
Euronav is one of the world’s leading independent tanker companies engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on NYSE Euronext Brussels under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 46 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 20 VLCCs of which 1 in joint venture and 23 Suezmaxes (of which 4 in joint venture). Deliveries of the remaining Maersk Tanker VLCCs will increase the Company’s tanker fleet by another 7 VLCCs. The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags. More detailed information can be found on the Company’s website: www.euronav.com.
Regulated information within the meaning of the Royal Decree of 14 November 2007.

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