Frontline sounds alarm over dark fleet and repays Fredriksen debts
It will ‘vigorously defend’ against FourWorld Capital Management’s bid to unwind its Euronav VLCC deal in a Belgian court in 2026
Frontline has raised concerns about the growing share of crude oil shipping by the dark fleet of older, non-compliant tankers. Elsewhere, it says it has repaid shareholder loans to John Fredriksen borrowed to help pay for the Euronav ships