Hot on the heels of announcing a strong set of results for the first quarter of 2020, shipowner Euronav confirmed on Friday it has sold a 15-year-old VLCC.
The 319,300-dwt TI Hellas (built 2005) fetched $38.1m, the Belgium-based company announced in a statement.
The firm price will help the company book a capital gain of $1.6m in the second quarter, Euronav said.
