Business
FRO - Time Charter-Out Contracts for Seven VLCCs
FRO - Time Charter-Out Contracts for Seven
About this update from Frontline Plc
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