Frontline plc ('Frontline' or the 'Company') (NYSE and OSE: FRO) is pleased to announce that it has entered into one-year time charter-out agreements for seven of its VLCCs. The charters will commence during the period from late-January to April 2026 at a rate of $76,900 per day per vessel.
Lars H. Barstad, Chief Executive Officer of Frontline Management AS, commented: 'We are in unprecedented times, and these are charter-out-levels not seen for decades. Frontline remains largely spot exposed after these contracts become effective, retaining upside in one of the most volatile markets in the world.'
January 23, 2026The Board of DirectorsFrontline plcLimassol, Cyprus
Contact:
Lars H. Barstad
Chief Executive Officer
Frontline Management AS
+47 23 11 40 00
Inger M. Klemp
Chief Financial Officer
Frontline Management AS
+47 23 11 40 00
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
(C) 2026 Electronic News Publishing, source ENP Newswire