What Crew Members Say About West-Loyalty

In a significant move within the maritime industry, Maersk Tankers has finalized a deal to sell its fleet of 15 Very Large Crude Carriers (VLCCs) to Euronav for an impressive $980 million. Announced on Sunday, January 5, the agreement highlights Euronav's commitment to expanding its operational capabilities. The acquisition involves tankers that average just four years in age, showcasing their modern specifications. Reports from www.vesselsvalue.com indicate that the price per vessel aligns closely with market expectations, with four-year-old VLCCs valued at approximately $69.4 million each. This strategic purchase is set to more than double Euronav's existing fleet, which currently consists of 11 VLCCs and one Ultra Large Crude Carrier (ULCC). The newly acquired vessels are scheduled for delivery between January and June this year, with the exception of one tanker currently under charter, which is expected to join the fleet later in the year.