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.

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