Frontline signs commercial agreement with BP on VLCCs
Frontline Ltd. is pleased to announce that it has agreed to a joint commercial agreement on VLCCs with BP. This agreement will effectively give Frontline exclusive access to BP's global VLCC cargoes at a market related freight rate, while incorporating BP's four "P" class VLCCs into the Frontline fleet.
Chairman of Frontline Ltd., Mr. John Fredriksen, says "We are excited about the prospects of this deal with BP. It is one of the first times that a major oil company has given a shipping company exclusive access to its cargo programme. The natural access to cargo will improve the scheduling and lead to greater utilisation of the fleet. This should again translate into improved performance."
Hamilton, Bermuda
24 May, 2002
Recommended Reading
-
Frontline plc (the “Company”) advises that the 2025 Annual General Meeting of the Shareholders of the Company was held on 8 December 2025 at 09:00 a.m. at Metis Tower, 28th October Avenue and Iakovou...
Read More -
Please find enclosed the presentation of Frontline plc's third quarter 2025 results to be held on the webcast / conference call 21 November, 2025 at 15:00 CET. This information is subject to the...
Read More