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...

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