Independent Tankers to buy Dresdner Kleinwort VLCC

Martyn Wingrove - Friday 27 November 2009

INDEPENDENT Tankers Corp, a spin-off from John Fredriksen’s Frontline, will acquire the very large crude carrier British Progress from its German owners after a lease arrangement is terminated early next year.
The tanker operating company revealed the deal as it reported an improvement in net income to $4.3m for the third quarter, compared wi...

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