---
title: "Frontline to sell two VLCCs for $270M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294992930.md"
description: "Frontline agreed to sell two VLCCs for $270M, expecting $179M in net proceeds and a ~$110M Q3 gain. The company plans to distribute all net proceeds via a one-off dividend of $0.80/share upon closing. SEB analysts view the deal as market-clearing, supporting broker valuations. This sale aligns with Frontline's strategy of disposing assets at strong prices while retaining spot market exposure."
datetime: "2026-08-05T16:27:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294992930.md)
  - [en](https://longbridge.com/en/news/294992930.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294992930.md)
generator: "portal-rs"
---

# Frontline to sell two VLCCs for $270M

Frontline (FRO) said late Tuesday it agreed to sell two Very Large Crude Carriers built in 2017 to an unnamed buyer for $270M, with the vessels expected to be delivered to the new owner in Q3. Frontline (FRO) said it expects the sale to generate $179M in net cash proceeds and record a Q3 gain of ~$110M, which the company plans to return all net pro...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**