Norway, Jan. 8 -- Frontline plc announces a strategic fleet renewal initiative, involving both the acquisition of new vessels and the sale of older vessels.Sale of eight of its oldest 1(st) generation ECO VLCCsThe Company has entered into an agreement to sell eight of its oldest 1(st) generation ECO Very Large Crude Carriers (VLCCs), built between 2015 and 2016. These vessels are being sold for a total sales price of $831.5 million, with delivery to the new owner scheduled during the first quarter of 2026. After repayment of existing debt on the vessels, the transaction is expected to generate net cash proceeds of approximately $486.0 million and the Company expects to record a gain in the first quarter of 2026 in the range of approximately...