Frontline secures multi-year cover for VLCC quartet

Frontline has taken advantage of the red-hot VLCC market to lock four ships into term charters, securing rates of up to $120,000 per day and adding longer-term earnings cover at levels rarely seen in the sector. The John Fredriksen-backed tanker giant has fixed two newly delivered VLCCs for one year each at $120,000 per day. … Read full article →