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Euronav Sells Suezmax Bari

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Published Apr 26, 2022 12:55 AM by The Maritime Executive

Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) is pleased to announce that the Suezmax Bari (2005 – 159,186 dwt) was sold for USD 21.5 million. A capital gain on the sale of approximately USD 6.5 million will be recorded in the second quarter in the joint venture company. The vessel has been delivered to her new owners during the current quarter.

The vessel was acquired in November 2019 in a 50/50 joint venture with affiliates of Ridgebury Tankers and clients of Tufton Oceanic.

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