Seems like FRNT had a private placement a few weeks ago. Pretty sizable amount too- $310Mhttp://www.marketwatch.com/story/frnt-frontline-2012-ltd-com...I think that takes the equity to around $800M. I figure it will probably be 2 or 3 times thatamount when he's done. Not sure if the 4 VLGC refers to the original set, or whether theoptions were exercised, so total of 8 VLGCs now. I guess we find out next month whetherFRO participated in this private placement round.If FRNT want to be involved in the product tanker sector, it looks like they will have tocontend with Scorpio Tankers (STNG), who seem to be barreling ahead with more new orders.STNG also appear to be complementing their growth with a sizable charter- in fleet. NNA alsoappears to be planning an active presence in the clean tanker sector.
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