John Fredriksen pictured with his twin daughters, Kathrine and Cecilie.
Frontline 2012, the consolidating offshoot of John Fredriksen’s tanker company Frontline Ltd., has taken delivery of the first vessel out of five dozen newbuilds expected by 2016.
Frontline 2012 said Monday that they have taken delivery of Front Arrow, the lead vessel in a series of six fuel efficient newbuild medium-range tankers ordered from South Korea’s STX Offshore & Shipbuilding Co.
Front Arrow is the first vessel delivered out of 60 currently on order by Frontline 2012, with the last units being delivered in early 2016 and spread across the product (MR and LR2), gas (VLGC) and dry bulk segments (Capesize), Frontline 2012 says.
Front Arrow aside, Frontline 2012’s fleet currently consists of six VLCC’s and four Suezmax tankers all built within 2009 and 2010 and purchased from Frontline Ltd. following the company’s 2012 corporate restructuring deal.
Last week it was revealed that Frontline’s 2012 board was considering breaking up the company even further to include a dry bulk company, an LPG company and a crude/product company.
Join the gCaptain Club for curated content, insider opinions, and vibrant community discussions.
Join the 105,983 members that receive our newsletter.
Have a news tip? Let us know.
By Yimou Lee TAIPEI, March 7 (Reuters) – China has stepped up grey-zone warfare against Taiwan, aiming to make the areas around the democratic island “saturated” with balloons, drones and civilian boats,...
Austal USA has kicked off plans to construct a new manufacturing facility, marking a significant expansion of its shipyard capacity in Mobile, Alabama in support of U.S. Navy and Coast...
Oldendorff and Norsepower have announced an agreement to install three Norsepower Rotor Sails™ on board a modern bulk carrier to reduce its emissions. The vessel, Dietrich Oldendorff, will be equipped...
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
Sign Up
Maritime and offshore news trusted by our 105,983 members delivered daily straight to your inbox.
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
