Belgium’s Euronav has clinched a strong rate for a VLCC term charter ahead of what it believes will be a sustained period of high earnings.
The New York and Brussels-listed owner said on Thursday that an unnamed “blue-chip partner” has taken the 300,000-dwt Donoussa (built 2016) for two years.
The contract, starting immediately, will generate $24m in cash over its duration, the company added.
