Frontline CEO Robert Hvide Macleod has said more transactions could be on the cards following the John Fredriksen company's acquisition of up to 14 suezmaxes from Trafigura.
He told TradeWinds: "Frontline is open for business when the merits of the deal provides value for our shareholders. Hence, we very pleased to announce this transaction."
The shipowner is paying up to $675m in shares and cash for 10 2019-built ships, with options to acquire four more from the trader.
