Frontline refreshes VLCC fleet in $2bn overhaul

John Fredriksen’s tanker giant Frontline is rolling out a $2bn-plus VLCC fleet revamp, selling older tonnage while lining up a slate of latest-generation newbuildings. The New York- and Oslo-listed owner has agreed to sell eight first-generation VLCCs, built between 2015 and 2016, for a total consideration of $831.5m. The vessels are set for delivery to …

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