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Euronav confirms Metrostar VLCC talks

Euronav confirms Metrostar VLCC talks
Euronav has confirmed that it is in talks with Metrostar to acquire four VLCCs from Greek outfit Metrostar Management.

In an announcement responding to market speculation, Euronav said that it is in "advanced discussions" for four VLCCs which would be bought with existing funds and debt, with no new equity issued.

The company also quashed rumours that it was in talks to purchase suezmax vessels from Principal Maritime.

Euronav has been bullish on the outlook for the tanker market since a successful IPO in early 2015, and has made clear its intentions to expand its fleet.