Bumi Armada is being strongly linked with the purchase of a veteran VLCC from John Frediksen's Ship Finance International.
Well-placed tanker broking sources in Singapore this week said Kuala Lumpur-listed operator floating production, storage and offloading (FPSO) vessel operator was the buyer of the 300,000-dwt Front Ariake (built 2001.
John Fredriksen-controlled Ship Finance International revealed on 1 October that the ship had been sold for $20.7m.
