Frontline plc announces the sale of eight 1st generation ECO VLCCs for $831.5 million, generating net cash proceeds of approximately $486.0 million. Concurrently, the company acquires nine latest generation scrubber-fitted ECO VLCC newbuilding contracts for $1,224.0 million, with deliveries scheduled between 2026 and 2027. This fleet renewal initiative aims to enhance fuel efficiency and reduce carbon emissions.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue