Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
Tagged in Frontline
LNG dual-fuelled bunker tanker joins TFG Marine fleet to operate in the Port of Singapore
TFG Marine (TFG), the leading international marine fuel joint venture founded by Trafigura, Frontline and Golden Ocean, has today christened the first liquefied natural gas (LNG) dual-fuelled bunker tanker to join its fleet. The 5,000 dwt …
Jan 31, 2024 / Curious
Frontline announces sale of its five oldest VLCCs
Frontline plc (Frontline) (NYSE: FRO – OSE: FRO) on Friday (Jan12) announced that it has entered into an agreement whereby the Company will sell its five oldest VLCCs, built in 2009 and 2010, for an aggregate net sale price of $290 million. …
Jan 15, 2024 / Curious
FRO – Fully funded acquisition of 24 modern VLCCs from Euronav NV
Frontline plc (Frontline) (NYSE and OSE: FRO), today announced that as an integrated solution to the strategic and structural deadlock in Euronav NV (Euronav), Frontline has entered into agreements with Euronav to acquire a high-quality ECO fleet of …
Oct 9, 2023 / Curious
Frontline Announces Termination of Charter-in Contracts of Two VLCCs
Frontline Ltd. (Frontline) today announced that Frontline Shipping Limited (FSL) has agreed with SFL Corporation Ltd. (SFL) to terminate the long term charters for the 2004-built very large crude carriers (VLCCs) Front Force and Front Energy upon the …
Apr 4, 2022 / Vessels
Frontline announces sale of four LR2 tankers
Frontline Ltd. (Frontline) (NYSE: FRO - OSE: FRO) on Monday announced that it has entered into an agreement whereby the Company will sell four of its scrubber fitted LR2 tankers built in 2014 and 2015 for an aggregate sale price of $160.0 million to …
Nov 23, 2021 / Curious
Frontline Acquires Two VLCCs
Frontline Ltd. (NYSE and OSE: FRO) (Frontline) on Monday (Jun28) announces that it has entered into an agreement to acquire two scrubber fitted, latest generation ECO-type VLCCs built in 2019 at Hyundai Heavy Industries (HHI) shipyard in South Korea …
Jun 30, 2021 / Vessels
Frontline Acquires Six VLCCs Under Construction
Frontline Ltd. (NYSE and OSE: FRO) (Frontline) today announces that it has entered into an agreement for the acquisition through resale of six latest generation ECO-type VLCC newbuilding contracts. The six VLCCs are currently under construction at …
May 19, 2021 / Vessels
OSM Maritime enters into preliminary agreement to acquire Sea Team Management
OSM Maritime (OSM) has announced that it is in final negotiations to acquire SeaTeam Management (SeaTeam) from Frontline Ltd (Frontline) and Golden Ocean Group Limited (Golden Ocean). The acquisition, which is subject to definitive documentation, is …
Sep 25, 2020 / Curious
Frontline Announces Sale-and-leaseback Agreement In An Amount Up To $544Mln
Frontline Ltd. (Frontline) today announced that it has signed a sale-and-leaseback agreement in an amount up to $544 million (Lease Financing) with ICBC Financial Leasing Co., Ltd. (ICBCL). Caption: Suezmax crude oil tanker Marlin Samara - Image …
Mar 6, 2020 / Finance
Trafigura agrees sale of a fleet of Suezmax Tankers to Frontline
Trafigura Marine Logistics (TML), a wholly-owned subsidiary of Trafigura Pte Ltd (Trafigura), today announced that it has entered into an agreement to sell ten Suezmax tankers built in 2019 to Frontline Ltd. (Frontline) (NYSE and OSE:FRO), through …
Aug 23, 2019 / Vessels