Shipping & Freight #frontline#vlcc
Frontline Agrees to Sell Two VLCCs for $270m in Market-Clearing Deal
John Fredriksen's Frontline has agreed to sell two 2017-built VLCCs for $270m, or $135m per ship, in a deal analysts at SEB described as market-clearing. The sale is expected to generate a $110m gain and fund a $0.80 per share dividend, while revealing strong one-year charter rates of up to $110,000 per day.
Aug 5, 2026 1 source