FRO snag EURN

[HohumYNWA]

An update:
Regarding #3. Fate of the two storage ULCCs.
One of the vessels was recently sold to a third party-

ULCC vessel transaction

Only four 450K barrel behemoths known as ULCCs (Ultra Large Crude Carriers ) were ever constructed. Two were converted to FSO (Floating Storage Offshore) units and still serve that purpose in Qatar waters. These were initially a JV between Euronav (EURN) and International Seaways (INSW), but now, strictly a EURN investment. The other two are owned by Euronav (EURN) and utilized for storage. EURN just sold one of the two vessels.