New York-listed Euronav is banking a gain of $8.5m from its latest vessel disposal.
It confirmed it has sold the 157,000-dwt suezmax Cap Georges (built 1998) for $9.3m, a deal first reported by TradeWinds earlier this month.
The ship was delivered on Wednesday, with the profit being booked in the current quarter.
"The sale of the Cap Georges is part of a fleet rejuvenation program and comes in anticipation of the delivery of the first of four suezmax vessels early in 2018 currently under construction at the Hyundai yard in South Korea (HHI)," it said.
