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Strategies & Market Trends : Value Investing
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To: bruwin who wrote (74572)12/21/2023 9:14:53 AM
From: walterenergy  Read Replies (1) of 78774
 
FRO -recently completed purchase of 24 ships from EURN

  • Entered into agreements with Euronav to purchase 24 VLCCs with an average age of 5.3 years, for an aggregate purchase price of $2,350.0 million from Euronav (the “Acquisition”). All agreements are effective, and a majority of the vessels are expected to be delivered in the fourth quarter of 2023 and the balance of the vessels are expected to be delivered in the first quarter of 2024.
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