Frontline Sells Two Suezmax Tankers to Silk Searoad Maritime for $140M

Deal Summary

Frontline, controlled by John Fredriksen, confirmed the sale of its two oldest suezmax tankers, Front Ull (2014) and Front Idun (2015), to Greek owner Silk Searoad Maritime for a combined $140 million. The deal, agreed in April, is expected to net about $106 million after commissions and debt repayments, delivering a $55 million gain in Q2 2026.