Frontline offloads oldest suezmax

John Fredriksen’s Frontline has confirmed the disposal of its oldest suezmax tanker. The New York- and Oslo-listed owner said the 2011-built, scrubber-fitted Front Brage has been sold for $36.4m, with delivery due in the third quarter of 2025. After debt repayment, Frontline expects net cash proceeds of $23.7m and a $6m gain from the sale. …

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