Frontline looks set to turn backer John Fredriksen's considerable financial firepower towards expanding its VLCC presence.

CEO Robert Hvide Macleod told the company's conference call on Tuesday that he is happy with the suezmax fleet following the addition of up to 14 ships from Trafigura last week in a $675m-plus deal.

And the Oslo-listed shipowner is also content with its LR2 exposure.