Frontline secures one-year charter-out contracts for seven VLCCs at bumper rates

Frontline plc announces that it has entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel.

Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented: “We are in unprecedented times, and these are charter-out-levels not seen for decades. Frontline remains largely spot exposed after these contracts become effective, retaining upside in one of the most volatile markets in the world.”