Tuesday, December 4, 2012

[Marine] Frontline quotes $80m for VLCC

Frontline quotes $80m for VLCC

Frontline CEO Jens Martin Jensen is looking to order a "good specification" very large crude oil carrier at $80m-85m depending on the yard involved, up to $10m below current prices.

This price tag compares with the $90m for a newbuilding listed by RS Platou and the $86m Clarksons has against a VLCC resale.

Meanwhile, Jensen added that Frontline values a new suezmax “in the range of $55m”, comparing with Platou's newbuilding pricing at $57m and Clarksons at $56m.



Published : December 3, 2012


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