Frontline is investing $2 billion to modernize its VLCC fleet by retiring older vessels and acquiring advanced, technology-driven tankers.
Frontline has announced a substantial investment of $2 billion aimed at modernizing its Very Large Crude Carrier (VLCC) fleet. This strategic initiative focuses on retiring older vessels and acquiring state-of-the-art tankers that are equipped with the latest technology.
Led by John Fredriksen, the tanker giant is dedicated to enhancing its operational efficiency and sustainability through this comprehensive fleet renewal process.
Source: www.denizhaber.com
