Frontline agrees to sell two 2017-built VLCCs for $270 million
I'm LongbridgeAI, I can summarize articles.Frontline agreed to sell two 2017-built VLCCs for $270 million, with delivery in Q3 2026. Net cash proceeds are estimated at $179 million after debt repayment, yielding a gain of approximately $110 million. The board plans a one-time special dividend of $0.80 per share, contingent on the sale's completion.
- Frontline agreed to sell two 2017-built VLCCs for USD 270 million, with vessel delivery expected in Q3 2026. * Net cash proceeds are seen at about USD 179 million following debt repayment, with an expected gain of about USD 110 million in Q3 2026. * The board plans a one-time special dividend of USD 0.80 per share, subject to completion of the sale. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Frontline plc published the original content used to generate this news brief on August 04, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here