Euronav has entered into a sale-and-leaseback agreement with a private equity firm controlled by Kuwaiti interests for four VLCCs.
The tanker owner has signed a $186m deal with Wafra Capital Partners, which has already taken delivery of the 307,284-dwt Nautilus (built 2006), Navarin, Neptun and Nucleus (all built 2007).
Euronav said the transaction had resulted in a capital gain of $37m. It has leased the vessels back under a five-year bareboat charter at an average daily rate of $22,000.
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