Belgian shipping company Euronav sells world's second largest oil tanker

Belgian shipping company Euronav has sold the world's second largest tanker, the Oceania, online shipping magazine TradeWinds reports. The company declined to comment on the news on Thursday.

According to TradeWinds, Chinese entities are the new owners of the giant tanker, which can be used as a storage vessel. Euronav CEO Alexander Saverys has reportedly agreed to the sale.

Euronav is holding a special shareholders' meeting on Friday to discuss certain legal obstacles to its recent merger with CMB.TECH. "The company and CMB expect to complete the transaction in February 2024," it said in a statement.

Last month, Euronav bought CMB.TECH, the subsidiary of Compagnie Maritime Belge (CMB) that is investing in hydrogen and ammonia as green fuels. Euronav paid CMB, its main shareholder, 1.15 billion dollars (1.04 billion euros) for the acquisition.

^{#FlandersNewsService | The Cap Quebec, a Suzemax tanker of the Euronav fleet © BELGA PHOTO DIRK WAEM}

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