Frontline seals $544m financing with ICBC for Trafigura suezmaxes
Tanker owner Frontline has sealed a sale-and-leaseback deal worth up to $544 million with China’s ICBC Financial Leasing over ten suezmaxes. The 2019-built, scrubber-equipped suezmaxes were bought by Frontline from Trafigura in a $675 million deal, with options for an additional four...