Sale of the Cap Isabella

Antwerp, Belgium, 27 August 2014

On 1 August 2014, the owners of the Cap Isabella (2013 – 157,258 dwt), which the company had on bareboat charter, decided to sell the vessel to an unrelated third party. As announced in our press release of 19 March 2013, the company is entitled to a share of the profit should the selling price exceed a certain threshold, therefore the company will book a profit of USD 4.3 million in the third quarter of 2014.


Crude Oil Tanker "Cap Isabella"

About Euronav
Euronav is one of the world's leading independent tanker companies engaged in the ocean transportation and storage of crude oil. The Company is headquartered in Antwerp, Belgium, and has offices throughout Europe and Asia. Euronav is listed on NYSE Euronext Brussels under the symbol EURN. Euronav employs its fleet both on the spot and period market. VLCCs on the spot market are traded in the Tankers International pool of which Euronav is one of the major partners. Euronav’s owned and operated fleet consists of 49 double hulled vessels being 1 V-Plus, 2 FSO vessels (both owned in 50%-50% joint venture), 23 VLCCs of which 1 in joint venture and 23 Suezmaxes (of which 4 in joint venture). Deliveries of the remaining Maersk Tanker VLCCs will increase the Company’s tanker fleet by another 4 VLCCs. The Company’s vessels mainly fly Belgian, Greek, French and Marshall Island flags. More detailed information can be found on the Company’s website: www.euronav.com. Regulated information within the meaning of the Royal Decree of 14 November 2007.

Euronav NV press release