Frontline 2012 time charters duo to Vitol with profit split

Last month, the 156,000-dwt Chapter Genta (renamed Front Brage, built 2010) and Roxen Star (renamed Front Balder, built 2009) were purchased for $100m in total.

They have both now been fixed for a year to trader Vitol at $28,500 per day in a deal that includes a profit split on excess revenues over the period.

Earlier this month, Frontline 2012 fixed out the 109,000-dwt tankers Front Panther (built 2014) and Front Puma (built 2015) to trader Koch for a year at $25,000 per day each.