Frontline Sells Tanker

Wednesday, January 10, 2007
Frontline Ltd. has through its affiliated company Ship Finance International Limited, sold its single hull Suezmax tanker Front Transporter for a gross sales price of $38m. Delivery to buyers is expected to take place in May or June 2007. Upon delivery of the vessel to the buyers, the long term charter party between Frontline and Ship Finance International Limited will be terminated, and the latter will make a compensation payment to Frontline in the amount of about $15.4m for the early termination of the charter party.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Tender for second Egypt LNG Terminal Issued

Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the state gas board told Reuters on Monday, seeking to tackle an energy crisis.

Giant Hanjin Boxship Catches Fire in Suez

Suez Canal Authority said it controlled a blaze in a British container ship passing the waterway Friday, leaving no human losses.   An ultra-large container

Suezmax Tanker Market on the Rise Yet Again

Suezmax tankers are looking good for a strong 2015 year, before posting a mild downside during 2016, but are poised to accelerate yet again in 2017 on rising deliveries, said shipbroker Charles R.

Finance

Tender for second Egypt LNG Terminal Issued

Egypt has issued a five-year tender to lease a second liquefied natural gas (LNG) import terminal, the head of the state gas board told Reuters on Monday, seeking to tackle an energy crisis.

Shipping Industry Faces Major Dilemma on BWM

The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned

Nederex, Damen Shipyards sign MOU with CPA

Curacao Ports Authority NV ("CPA") signed a Memorandum of Understanding with Nederex BV. (Nederex) and B.V. Damen Shipyards Gorinchem (Damen) on the 30th of April.

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3199 sec (3 req/sec)