Frontline acquires VLCC resale; places order for LR2s

john-fredriksen

Frontline has acquired a scrubber-fitted very large crude carrier (VLCC) resale under construction at Hyundai Samho Heavy Industries (HSHI) that is expected to be delivered in May 2020.

Additionally, Frontline ordered two LR2 newbuildings from Shanghai Waigaoqiao Shipbuilding, China, scheduled for delivery in January 2021 and March 2021.

The VLCC has been purchased for USD 92.5 million, while the LR2s have been ordered at a price of USD 46.7 million per unit.

 

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