Euronav acquires two Suezmax tankers under construction

Euronav has entered into an agreement for the acquisition through resale of two eco-Suezmax tanker newbuilding contracts.

Currently completing construction at the Daehan Shipbuilding in South Korea, these modern vessels are being acquired for an en-bloc price of US$113 million and are due for delivery in January 2022.

The tankers will be fitted with exhaust gas scrubber technology and ballast water treatment systems. The vessels also have the structural notation to be LNG ready.

Euronav said it is working closely with the shipyard to also have the structural notation to be ammonia ready, providing the option to switch to other fuels at a later stage.