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Frontline to buy 10 suezmaxes from Trafigura

Frontline closed a deal today to buy 10 2019-built suezmax tankers from Trafigura Maritime Logistics, after securing $544m in financing from Chinese bank ICBC Leasing earlier this month

The finance deal, at Libor plus 2.3% interest, gives Frontline purchase options throughout the seven-year term

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