Euronav banks $18m profit as Ridgebury takes over four leased VLCCs

Belgian owner Euronav has revealed a sales gain of $18m after four VLCCs joined the fleet of US owner Ridgebury Tankers.

The New York and Oslo-listed company said the quartet was redelivered from a five-year sale-and-leaseback deal.

The tankers are the 307,000-dwt sisters Nautilus (built 2006) and Navarin, Neptun and Nucleus (all built 2007). They were built at China’s Dalian Shipbuilding.