In its fourth-quarter earnings report, the Belgian operator put an end to months of speculation surrounding the departure of the 290,900-dwt TI Guardian(built 1993), which resulted in a capital gain of $2.8m upon redelivery in November 2012.
The vessel, which was one of two ships in Euronav’s stable of chartered-in tonnage, would have cost the company an estimated $13m in hire had it not been handed back well before the expiration of deal that wasn’t due to end until October of this year.
