John Fredriksen’s Frontline has reportedly sold the final tanker in a series of three 156,700-dwt vessels built at Jiangsu Rongsheng Heavy Industries and named after Norse gods.
Brokers report that the Oslo and New York-listed shipowner has sold the Front Thor (built 2010) for just over $48m.
“Suezmax transactions around this age bracket have been hard to come by, however, Frontline’s ability to dispose of their 2010-built Rongsheng series at better than last done on each occasion is a prime example of the underlying positivity in the tanker space,” Fearnleys said in its weekly report.
