John Fredriksen’s Frontline has forged a long-range-two (LR2) tanker cooperation with trader Vitol.

The Oslo and New York-listed shipowner is providing the 111,000-dwt products tankers Front Altair (built 2016) and Front Castor (built 2017) to the new set-up, TradeWinds understands. It is unclear which ships Vitol is entering.

Frontline Management chief executive Robert Hvide Macleod confirms the company has struck a cooperation agreement with what he describes as the world’s largest oil trader.