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Frontline buys a series of suezmax tankers from Trafigura

Frontline has agreed to buy a fleet of suezmax tanker vessels from commodity trading house Trafigura. The transaction comes less than two weeks after Frontline and another Fredriksen-controlled company announced a joint venture with Trafigura.

Photo: Frontline

John Fredriksen's tanker ship operator Frontline has agreed to buy a fleet of ten suezmax tanker vessels from Trafigura.

Frontline will buy the tanker vessels from a wholly owned subsidiary of Trafigura in a transaction that includes around 16 million shares at USD 8 apiece as well as a cash sum in the range of USD 538 to 547 million, informs Frontline in a notice to the Oslo Stock Exchange.

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