Belgian tanker owner Euronav NV has entered the final stage of selling its very large crude carrier (VLCC) Famenne, one of its two oldest VLCC vessels, for US$38.4m.

The 298,412dwt vessel, built in 2001, is anticipated to be delivered to an unnamed buyer during the first quarter 2016.

In addition, the company said that despite the current capital markets sentiment, Euronav "continues to experience robust and fundamental strength in the VLCC and Suezmax sectors."

The average daily time charter equivalent rates obtained by the company's fleet in the Tankers International pool in the fourth quarter of 2015 was approximately US$62,000 per day, according to Euronav.

The time charter equivalent earnings of the Euronav Suezmax spot fleet was above US$40,000 per day for the fourth quarter of 2015.