Euronav said it delivered the 1999-built vessel to its new owner on Wednesday after agreeing to sell it for nearly $35.9 million. The Algarve has a deadweight tonnage of 298,969.
"The vessel will be converted in a FPSO by her new owner and will therefore leave the worldwide VLCC trading fleet," Euronav said in a statement.
The company said it will record a capital gain of $7.3
