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Market Chatter: Frontline Sells Five Tankers to ADNOC

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Frontline (FRO) has recently sold five very large crude carriers to Abu Dhabi National Oil Co. for around $590 million, Reuters reported Friday, citing three sources familiar with the matter.

The transaction includes two vessels built in 2012 and three from 2015, the report said.

Frontline and Abu Dhabi National Oil did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $39.46, Change: $+0.36, Percent Change: +0.92%

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