Euronav Orders Two Tankers, Secures Charter Deals

Antwerp-based tanker owner and operator Euronav NV has ordered two high specification Ice Class Suezmax vessels from Hyundai Heavy Industries shipyard in South Korea.

The 158,600 dwt tankers were ordered for a price of USD 62 million each, according to data provided by VesselsValue. The contract has an option for two additional Suezmaxes.

Euronav signed two long-term time charter contracts of seven years each with Texas-based Valero Energy for the Suezmaxes, which are scheduled to commence upon the vessels’ delivery in early 2018.

The vessels will have an increased steel structure, specific emissions controls and other operational capabilities, the company said.

“Euronav and its predecessors have been serving the Quebec refinery with purpose built new buildings since 1998. In a world of continuous change our commitment to serve our customer remains a constant point,” Paddy Rodgers, Euronav’s Chief Executive Officer, said:

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