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Indiaexportnews.com

Ship Finance sold the single hull VLCC

  28.07.2009    

Ship Finance International Limited has sold the single hull VLCC Front Duchess to an unrelated third party.
Delivery to new owners is expected to take place in September/October 2009. Upon delivery of the vessel to the buyers, the long term charter party between Frontline and Ship Finance International Limited will be terminated, and the latter will make a compensation payment to Frontline of approximately $2.8 million for the early termination of the current charter party.



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