Euronav has confirmed the acquisition of two VLCC newbuilding resales for $84.5m each.
TradeWinds first disclosed that the US-listed tanker owner had swooped on two Petros Pappas VLCC newbuilding resales in late July.
The tankers were ordered by Pappas with backing from private equity’s Monarch Alternative Capital and Oaktree Capital Management at a cost of more than $95m in February 2014.
The 300,000-dwt units under construction at South Korea’s Hyundai Heavy Industries are slated for delivery in the fourth quarter of this year.
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