Coast Guard Offloads Record Drug Haul in Port Everglades
The U.S. Coast Guard achieved a milestone with the offload of a record 76,140 pounds of illicit narcotics, valued at $473 million, at Port Everglades on Monday. This marks the...
Photo credit: Frontline
OSLO, Oct 1 (Reuters) – Crude oil shipping firms Frontline Management and Tankers International formed a chartering joint venture called VLCC Chartering Ltd to increase their joint fleet size and reduce operating costs, the two firms said on Wednesday.
“VLCC Chartering will have access to the combined fleets of Frontline and the TI Pool and will primarily identify the right ship for each cargo offered and on that basis select one ship to bid taking into consideration operational factors,” the firms said in a joint statement.
Frontline Management operates both Frontline and Frontline 2012, the tanker arms of Norwegian shipping tycoon John Fredriksen. (Reporting by Balazs Koranyi)
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