John Fredriksen’s Frontline has still not managed to find a buyer for its only tanker built before 2000.
The Mitsubishi built 306,000-dwt Front Circassia (built 1999), which is on charter from Fredriksen’s Ship Finance International (SFI), has been reported sold several times this year.
Each time, however, no deal has been completed and the tanker remains with the group.
In March Front Circissia was reported sold and for $21m.
