Frontline (FRO) announced it has entered into an agreement to sell eight of its oldest first-generation ECO Very Large Crude Carriers, built between 2015 and 2016, for a total sales price of $831.5M. Delivery to the new owner is scheduled for the first quarter of 2026. After repayment of debt, the transaction is expected to generate net cash proceeds of approximately $486M, and the company anticipates a gain of approximately $217.4M- $226.7M.
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