Frontline extends expiry date of first option for two Trafigura Suezmax tankers

Reference is made to the notice of 23 August 2019, whereby Frontline Ltd. (“Frontline”) announced an agreement with Trafigura Maritime Logistics (“TML”), a wholly-owned subsidiary of Trafigura Pte Ltd (“Trafigura”) and certain related entities, to acquire ten Suezmax tankers, with two separate options to acquire two plus two additional Suezmax tankers, the company said in its release.

The first option to acquire two Suezmax tankers expires on 12 September 2019. Frontline and TML have agreed to extend the expiry date for the first option to 18 September 2019.