Oil vessel company Euronav has actually gotten 2 Suezmax vessels from South Korea’s Daehan Shipbuilding for a concealed cost.
The vessels will certainly be sister ships to Cedar (2022 -157,310 dwt) and also Cypress (2022– 157,310 dwt), developed at the very same backyard.
Both vessels are arranged for shipment in the 3rd quarter of 2024.
“The vessels are the latest generation of eco-Suezmax tankers and are fitted with both Exhaust Gas Scrubber technology and Ballast Water Treatment systems. The vessels have the structural notation to be LNG Ready, with both parties working closely to also have the structural notation to be Ammonia and Methanol Ready,” Euronav stated, describing that these symbols will certainly give the alternative to change to various other gas at a later phase.
Hugo De Stoop, Euronav chief executive officer stated: “As a market leader in our segment, Euronav has been able to source a highly competitive contract with a very attractive delivery schedule. Sustained elevated contracting activity from other shipping segments has reduced available capacity to build crude tankers, at a time when the sector needs to replace maturing vessels with more environmentally friendly designs.
“With this contract, adding to the two Suezmaxes delivered earlier this year and three other Suezmax newbuildings under construction, Euronav is tangibly driving innovation, investing in the energy transition and showing agility in seizing another opportunity to further rejuvenate our Suezmax fleet.”
Euronav stated that it prepared to utilize existing liquidity and also will certainly increase ideal funding prior to the shipment of those ships. Balance sheet financial debt take advantage of will certainly remain to continue to be conventional and also ideal for Euronav to maintain its toughness and also versatility in browsing the vessel cycle,”
