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28 August 2026

Frontline secures multi-year cover for VLCC quartet

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Source reporting: Splash247

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Frontline secures multi-year cover for VLCC quartet

Frontline has taken advantage of the red-hot VLCC market to lock four ships into term charters, securing rates of up to $120,000 per day and adding longer-term earnings cover at levels rarely seen in the sector. The John Fredriksen-backed tanker giant has fixed two newly delivered VLCCs for one year each at $120,000 per day. …

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