Frontline Exercises Options for Tankers from China's Jiangsu Group

Frontline Ltd said it has exercised options for an additional two Suezmax tankers, to be built by the Jiangsu Rongsheng Heavy Industries Group in China. These orders, Frontline said, relate to options secured last summer as part of a separate vessel order. The latest tankers, 156,000 deadweight tonne Suezmax newbuilds, will be delivered in April and June 2010, the firm said. Following this deal, Frontline will have six Suezmax tankers and four VLCC newbuilds on order. Source: AFX