COSCO Zhoushan Hands Over Front Jaguar to Frontline

Chinese COSCO (Zhoushan) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered a 111,000 dwt oil tanker to John Fredriksen-controlled oil tanker shipping company Frontline Ltd.

Featuring a length of 252 meters and a width of 44 meters, the new Marshall Islands-flagged vessel was named Front Jaguar.

The LR2 tanker joins the company’s fleet a week after Frontline decided to exit the medium range tanker segment.

Namely, the company sold six of its medium range tankers for a price of USD 172.5 million to New York-listed Ardmore Shipping Corporation (Ardmore).

Scheduled to be delivered to their new owner during September and October 2016, the vessels have an average age of 2.4 years.

Frontline’s crude oil tanker fleet will now be comprised of VLCCs, Suezmax tankers and LR2 tankers.

The company has a fleet of 79 vessels, including newbuildings, with an aggregate capacity of some 15.3 million dwt.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >