deal reached between the two companies last month<\/span><\/span><\/a> which will see Frontline acquire up to 14 suezmaxes. Frontline has agreed to acquire 10 new Korean-built suezmax tankers, and has a further two options each for two additional Chinese-built suezmaxes.<\/p>\nThe initial 10-vessel deal is being paid in a mix of cash plus shares and will see Trafigura will own a stake of around 8.48% of Frontline.<\/p>\n","protected":false},"excerpt":{"rendered":"
John Fredriksen\u2019s Frontline and Trafigura subsidiary Trafigura Maritime Logistics (TML) have agreed to extend an option for Frontline to acquire two Chinese-built suezmax tankers, from September 12 to September 18. The options are part of a deal reached between the two companies last month which will see Frontline acquire up to 14 suezmaxes. Frontline has …<\/p>\n","protected":false},"author":4,"featured_media":96595,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,58],"tags":[160,106],"yoast_head":"\n
Frontline extends options on Trafigura suezmax pair - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/frontline-extends-options-on-trafigura-suezmax-pair\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Frontline extends options on Trafigura suezmax pair - Splash247\" \/>\n<meta property=\"og:description\" content=\"John Fredriksen\u2019s Frontline and Trafigura subsidiary Trafigura Maritime Logistics (TML) have agreed to extend an option for Frontline to acquire two Chinese-built suezmax tankers, from September 12 to September 18. The options are part of a deal reached between the two companies last month which will see Frontline acquire up to 14 suezmaxes. 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