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Frontline to Sell Vessel for $141.5m

Maritime Activity Reports, Inc.

September 27, 2006

Frontline Ltd. said on Tuesday it agreed to sell the vessel VLCC Front Beijing for gross sale proceeds of $141.5 million. Frontline said the transaction will generate $58 million in additional liquidity and that this will strengthen the company's dividend capacity. Source: Reuters
With the advent of fuel transition, digitalization, AI and autonomy, innovation in vessel design and operation proceeds at unprecedented speed.
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