New York-listed Euronav has also secured options on the remaining four newbuildings Metrostar has under construction in South Korea, confirming a deal first laid out by TradeWinds last week.

Paddy Rodgers, chief executive of Euronav, said in a statement “Euronav is delighted to enhance our fleet with the addition of four high specification modern VLCCs. The tanker sector continues to perform strongly with a positive outlook.