Euronav Confirms Long Term Time Charter

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Euronav announced it has concluded a two-year time charter with a blue-chip partner for the VLCC Donoussa (2016 dwt – 299.999).

This contract will start immediately and generate approximately USD 24 million in cash over the duration of the contract for Euronav.

Lieve Logghe, Euronav interim CEO and CFO, commented: “We are delighted to share this commercial development which demonstrates the strength and value of the Euronav platform. The addition of another high-quality time charter reflects the underlying robustness of our market going into a key winter season and what we believe will be a sustained upcycle for the large crude tanker sector.”

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