Frontline in new yard deal

Frontline which has placed its large VLCC newbuilding program at the Chinese shipyard Zhoushan Jinhaiwan has renegotiated the size of the series. At first Frontline ordered six VLCC newbuildings at Jinhaiwan but is now committed to take delivery of of five 320,000 DWT VLCC newbuildings, with a total contract price of USD 525 million.