More VLCCs for Frontline

Frontline has ordered four VLCC newbuildings at Jignan Shipyard in China for delivery 2009 and onwards. Two of these originally newbuilding contracts have in the second quarter been sold to third party including an element of profit. Frontline has subsequently to this sale entered into further two newbuilding contracts including an option for an additional two new buildings. Delivery for the latest order is scheduled for 2010 while the options are slated for 2011.