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Tankers and Gas Shipbuilding Sale and Purchase

Frontline ties up sale of VLCCs for $831.5m and confirms newbuilding resale deal

  • Frontline has sold eight of its oldest very large crude carriers for an average price of over $100m per vessel
  • Delivery to the new owner, reputed to be South Korea’s Sinokor, is expected in the first quarter of 2026
  • It has simultaneously agreed to acquire nine VLCC newbuildings in a transaction involving its largest shareholder

  • News

Frontline has sold eight VLCCs constructed by South Korean shipyards in 2015 and 2016, which entered the fleet in 2024

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    This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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