Frontline Orders Suezmax Tankers

Frontline ordered two new Suezmax tankers from China's Jiangsu Rongsheng Heavy Industries Group Co. Ltd. for an undisclosed sum, China Daily reported. The vessels will be delivered in November 2008 and February 2009. Frontline also secured options for a further four similar Suezmax tankers. The new vessels were priced more than $15m lower than the indicated price level for 2006 delivered tonnage. (Source: China Daily)