Euronav: Sale of the Suezmax Cap Laurent

Nov 30, 2015, 12:26 ET from Euronav NV

ANTWERP, Belgium, November 30, 2015 /PRNewswire/ --

Euronav NV (NYSE: EURN & Euronext: EURN) ("Euronav" or the "Company") today announces that the Company sold its Suezmax Cap Laurent (1998 - 146,145 dwt), for USD 22.25 million. The vessel was wholly owned by Euronav.

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The capital gain on that sale of about USD 11.1 million will be recorded in the fourth quarter. Following the sale, the availability of the revolver under the USD 750 million facility was reduced by USD 11.5 million. The vessel was delivered to its new owner on 26 November 2015.