Key facts: Frontline Plc sells eight ECO VLCCs for $831.5M; acquires nine new ones for $1.2B
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Frontline Plc is selling eight older ECO VLCCs for $831.5 million and acquiring nine new scrubber-fitted ECO VLCCs for $1,224.0 million.1Frontline Plc has a 'strong buy' rating from analysts, with a 12-month price target of $30.00, about 24.3% below its last close of $37.28.2Frontline anticipates lower spot time charter equivalents (TCEs) in Q1 2026 due to ballast days, while noting a constructive market environment driven by oil demand and fleet supply imbalance.3
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