Belgium's Euronav is examining a range of options that could see it sell or take full control of a floating storage venture formed with US partner International Seaways.
The 50:50-owned operation has come under scrutiny since a new 10-year charter deal was signed — until 2023 — with North Oil Co (NOC) last November. The venture controls the 442,000-dwt floating storage and offloading (FSO) units FSO Africa and FSO Asia (both built 2002).
