John Fredriksen’s Frontline has confirmed the disposal of its five oldest VLCCs. The New York-and Oslo-listed tanker giant will be shipping out the units built in 2009 and 2010, to an unnamed buyer during the first quarter of 2024. The deal worth $290m is expected to generate net cash proceeds of...
https://splash247.com/frontline-offloads-its-five-oldest-vlccs/