Reviews & Ratings for the Fpso-Guanabara-Mv31

On January 16, 2014, Euronav NV announced the successful sale of its long-serving double-hulled Very Large Crude Carrier (VLCC) Luxembourg, originally built in 1999 and boasting a deadweight tonnage of 299,150 dwt. The transaction, valued at $28 million USD, marks a significant milestone for the company. Euronav anticipates recognizing a notable capital gain of approximately $6 million upon the vessel's delivery. After fulfilling its debt repayment obligations, the company expects to retain around $5 million in net cash proceeds from this sale. The delivery of the Luxembourg is scheduled to take place between May 1, 2014, and mid-June 2014, allowing for the vessel to undertake two additional profitable voyages before its transfer. Following the sale, the Luxembourg is set for conversion into a Floating Production Storage and Offloading (FPSO) unit by its new owner, thus removing it from the global VLCC trading fleet. This strategic move aligns with the evolving market demands and further enhances the operational capabilities of the new owner.