ATLANTIC LOYALTY

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Medevac off Corpus Christi

The US Coast Guard medevaced a cre member from the 'Atlantic Loyalty' 32 miles off Corpus Christi, Texas, on MArch 17, 2023. Coast Guard Sector Corpus Christi watchstanders received a medevac request at 1:01 p.m. from the captain of the tanker, stating that a 33-year-old man was experiencing stroke-like symptoms. Watchstanders consulted with the duty flight surgeon, who recommended a medevac. A Coast Guard Air Station Corpus Christi MH-65 Dolphin helicopter crew launched to conduct the medevac while an Air Station Corpus Christi HC-144 Ocean Sentry aircraft launched to assist with communications and oversight. The helicopter arrived on scene, hoisted the ailing man aboard and transferred him to awaiting emergency service personnel at CHRISTUS Spohn Hospital in Corpus Christi. The man was in stable condition. Report with photo: https://coastguardnews.com/coast-guard-medevacs-man-32-miles-offshore-corpus-christi/

Euronav seals sale and leaseback agreement for four VLCCs

Euronav has entered into a five-year sale and leaseback agreement for four VLCC vessels with investment vehicles advised by Wafra Capital Partners, a Kuwaiti backed private equity partnership. The four VLCCs are the Nautilus (2006), Navarin (2007), Neptun (2007) and Nucleus (2007). The transaction assumes a net en-bloc purchase price of $186m. The transaction produced a capital gain of about $37m for the Belgian tanker operator. After repayment of the existing debt, the transaction generated in excess of $100m free cash. The vessels were delivered to their new owners, the investment vehicles advised by Wafra Capital Partners on December 22. Euronav has leased back the four vessels, which were built by Dalian Shipbuilding Industry Co (DSIC), under a five year bareboat contract at an average rate of $22,000 per day per vessel and at the expiry of each contract the vessels will be redelivered to their new owners.