Euronav has completed the purchase of a series of VLCC newbuildings from Metrostar at a time when tanker asset prices are in an unprecedented situation, its chief executive says.
New York-listed Euronav paid $96m for four firm vessels and secured options on the remaining four at $98m each.
Speaking to TradeWinds after the deal was confirmed this week, chief executive Paddy Rodgers explained: “My feeling about it is we are going through a very strange phase.
