Sale of Suezmax Cap Laurent

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Paper boatsEuronav has announced it has sold its Suezmax Cap Laurent (1998 – 146,145 dwt), for $22.25 million. The vessel was wholly owned by Euronav.
The capital gain on that sale of about $11.1 million will be recorded in the fourth quarter. Following the sale, the availability of the revolver under the $750 million facility was reduced by $11.5 million. The vessel was delivered to its new owner on 26th November 2015.