Frontline to Sell Three More Crude Oil Tankers, Jensen Says
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Frontline Ltd., the oil tanker operator led by Norway-born billionaire John Fredriksen, said it’s looking to sell three more 1990s-built ships as the company modernizes its fleet while earnings plunge.
The Front Alfa, Front Beta and Front Delta, all built in 1992 or 1993 and capable of hauling 1 million barrels of crude, are on the market, Jens Martin Jensen, Singapore-based chief executive officer of the company’s management unit, said by phone today.