Frontline to acquire VLCC newbuilding contracts

Industry:    2016-06-11

Frontline Ltd

* Deal for purchase price of $84 million each

* Vessels are due for delivery in September and November 2016

* Has also secured options for two additional sister vessels with delivery in January and March 2017 at a purchase price of $85 million each

* Acquisition of VLCC newbuilding contracts Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)

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