Frontline (FRO) stock: $2 billion VLCC swap puts tanker owner back in focus before Monday’s open
Frontline plc shares rose 2.2% to $24.98 after announcing it will sell eight older VLCCs for $831.5 million and buy nine newbuilds for $1.224 billion from an affiliate of its largest shareholder. The company expects $486 million net cash from disposals and a first-quarter gain up to $226.7 million. Most payments for new ships are scheduled for 2026–27.