# FRO snag EURN

**URL:** <https://discussion.fool.com/t/fro-snag-eurn/64908>\
**Category:** Shipping News\
**Created:** [April 7, 2022, 10:38pm UTC](https://discussion.fool.com/t/fro-snag-eurn/64908 "2022-04-07T22:38:03Z")\
**Posts on this page:** 1\
**Showing post:** 2

<div class="post-metadata">

**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [November 2, 2022, 4:43am UTC](https://discussion.fool.com/t/fro-snag-eurn/64908/2 "2022-11-02T04:43:22Z")

</div>

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

> [@ULCC vessel transaction](https://discussion.fool.com/t/ulcc-vessel-transaction/78644):
>
> 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.

---

_[View the full topic](https://discussion.fool.com/t/fro-snag-eurn/64908)._