New York- and Oslo-listed tanker giant Frontline has lined up a 10-ship sale and leaseback deal in China to pay back money borrowed from controlling shareholder John Fredriksen. The deal worth up to $512.1m involves CMB Financial Leasing’s commitment to cover the refinancing of 10 suezmaxes,...
https://splash247.com/frontline-in-10-ship-leaseback-deal-to-clear-fredriksen-debt/