Euronav allowing four VLCC purchase options to lapse does not mark the end of the owner’s expansion effort, its chief executive says.
Paddy Rodgers also shrugs off suggestions that a decision not to take the $98m per tanker options from Metrostar reflects a change in the New York-listed company’s market outlook.
Euronav bought four Metrostar VL resales at $96m each earlier this year in a swoop that took its growth spurt to 23 tankers worth $1.7bn
