Greater China

Frontline 2012 takes Jiangnan VLGC options


Shanghai: Jiangnan Shipyard has won two more VLGCs from Frontline 2012. The John Fredriksen controlled firm is paying in the region of $63m per ship. Both will be delivered by 2015. 

Ten months ago the Frontline 2012 ordered four plus four 83,000 cu m VLGCs at the same yard. Two of the options were exercised last October, with the remaining two fixed just now.  [04/02/13]

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