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Frontline JV in suezmax creates fleet of 43 suezmax vessels

Published 2016-06-03, 01:26 a/m
© Reuters.  Frontline JV in suezmax creates fleet of 43 suezmax vessels
EUAV
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OSLO, June 3 (Reuters) -
* Frontline Ltd. announces the formation of Suezmax
Chartering, a commercial joint venture with Diamond S. Shipping
LLC DSG.N and Euronav NV EUAV.BR
* The aim of the joint venture is to create a single point
of contact for cargo owners to access a large fleet of 43 modern
Suezmax vessels, traded operated on the spot market
* Frontline will contribute 22 vessels to the joint
venture, including 14 vessels on the water and 8 newbuildings as
they are delivered
* A larger fleet will provide more flexibility and more
options for cargo owners and also reduce voyage related expenses
* Suezmax Chartering will operate from the existing offices
of Frontline, Diamond S and Euronav
* Suezmax is a crude tanker vessel carrying around 130,000
tonnes of crude


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