Marine Link
Tuesday, July 16, 2024

Euronav Books Profit from Sale of Chartered Ship

Maritime Activity Reports, Inc.

August 27, 2014

The owner of the 157,258 dwt containership Cap Isabella (built 2013), a vessel which Euronav had on bareboat charter, decided to sell the vessel to an unrelated third party.

As announced by Euronav in March 2013, the company is entitled to a share of the profit should the selling price exceed a certain threshold, and therefore the company will book a profit of $4.3 million in the third quarter of 2014.