Frontline launches equity offering to fund scrubber installations
At least in the short term, scrubbers are not a cheap solution. Frontline — which last month bought a 20% stake in a scrubber manufacturer and ordered the system for 14 of its vessels as well as options for another 22 — launched an ATM offering to help it finance scrubber installations
The tanker owner is partnering up with Morgan Stanley for the ATM offering of $100m common shares
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