Euronav Books Profit from Sale of Chartered Ship
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.