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Cash for Dividend

At the start of the New Year, Frontline Ltd. announced that it had entered into a sale-leaseback transaction, selling the 2006 built VLCC Front Shanghai for $91.24 million, while agreeing to time charter it back for two years at a rate of $35,000 per day.

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Written by: | Categories: Freshly Minted, The Week in Review | January 6th, 2011 |

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