News
28 November 2019

Frontline seals $544m financing with ICBC for Trafigura suezmaxes

In:
Oil & gas, Transport
Region:
Americas, Europe

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...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Perspective
26 January 2026

Venezuela: Not yet bankable or investable

The Trump administration’s capture of Nicolás Maduro was in part designed to create opportunities for US players in Venezuela’s oil sector. But both the short-term and...

Video
04 February 2026

Dealmakers: Brigitte Bruengger, SERV

TXF spoke with Brigitte Bruengger, head of large enterprises, SME & acquisition at SERV, to outline the recent challenges for Swiss exporters, its scheme for attracting more...