Euronav announces sale-and-leaseback deal for three ships
Euronav has entered into a sale-and-leaseback deal for three very large crude carriers with China’s Taiping & Sinopec Financial Leasing. Under the agreement, Euronav will subsequently enter into a 54-month bareboat charter contract
The sale is expected to generate about $66.6m in cash for the company, after settling debts associated with the vessels
If content does not display, please refresh your browser.
Subscribe
Not ready to subscribe? Sign up for free articles and daily news updates.
Sign Up For Updates