Frontline to buy fleet of suezmax tankers in Trafigura deal
On top of the 10 tankers signed off, another four may also be bought. For now, Trafigura will take an 8.5% stake in Frontline, valued at $128m, and will receive a cash payment of between $538m and $547m
Oslo-based oil tanker company Frontline will buy 10 suezmax oil tankers from commodities trader Trafigura in a cash and share deal worth up to $675m
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