Euronav is believed to have swooped on two Petros Pappas VLCC newbuilding resales at $84m each, further confirming the weakening valuations for the large crude tankers, market sources said this week.
Paddy Rodgers-led Euronav is the latest to pounce on falling VLCC prices, following the likes of John Fredriksen’s Frontline, which confirmed a deal for up to four Metrostar resales at $84m apiece last month.
The
