Frontline Decides Not To Take Up Trafigura Tankers Options

frontline

Frontline has decided not to buy four more tankers from the subsidiary of Trafigura.

In August 2019, Frontline reached an agreement with Trafigura Maritime Logistics to acquire ten of its Suezmax tankers, with two separate options to acquire additional units.

The initial option, that expired on September 12, was extended to September 18, however, Frontline elected not to exercise this option and as a result the second option for another Suezmax duo has been terminated.

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