Trafigura’s Strategy Rips Major Gains As Frontline Buys 10 Suezmax

Trafigura’s Infrastructure assets investment strategy received a major boost as Frontline made a $547 million deal for its Seuzmax
The company will also get 8% percentage of Frontline’s shares
This deal boosts both Trafigura’s cash inflow and scrubbers investment outlook which made it retrofit 16 suezmax & 17 tankers.
Frontline is taking the help lending banks and its shareholder Hemen Holding for this project.
Frontline will charter 5 vessels back to Trafigura after 3 year charter at $28,400...