Euronav has snapped up a series of VLCC newbuildings from Metrostar in what is the New York-listed owner’s third major VLCC transaction in 18 months.
Its swoop comes at a time when the market is closely watching the destination of a second crude-tanker fleet, the Principal Maritime suezmaxes that are being sold by private-equity firm Apollo.
TradeWinds understands Euronav is buying four of the 308,000-dwt VLCCs Metrostar has on order at Hyundai Heavy Industries (HHI).
