Ship Finance International continues to clear out its oldest tankers.
It has confirmed the sale of the 308,000-dwt Front Falcon (built 2002), bringing in proceeds of $30.7m.
The figure likely includes additional cash related to termination of the charter by sister company Frontline. Valuations services VesselsValue and Maritime Strategies International put the likely market sale price of the vessel at between $21m and $25.2m.
