The Oslo over the counter (OTC) listed company has bought the 156,500-dwt Chapter Genta (built 2010) and Roxen Star (built 2009), TradeWinds understands.

Sources were divided on how much Frontline 2012 has paid for the tankers, but we understand the fee was $100m.

There is also surprise in the company stepping into the second hand market given its activities have previously focused almost exclusively in the newbuilding arena.

Today,