John Fredriksen’s Ship Finance International is the latest owner to secure the sale of a vintage VLCC to a storage buyer.
TradeWinds understands the 310,000-dwt Front Century (built 1998), which is on time charter to Frontline, will leave the Norwegian group.
Brokers point to Kunlun as the buyer of the tanker at a price of $18.8m.
Speculation has surrounded the sale of some of Fredriksen’s older VLCCs for several weeks.
