ships in a bay near Piraeus in Greece, including the London Pride (II) in 1981. LOF sold London Pride (II) in 1982 and she was scrapped in the Far East in 1983. LOF returned to smaller tankers with the Panamax-sized London Victory (II) and London Spirit (II) completed by Mitsui in Japan in 1982. These were joined by London Enterprise (III), completed by Mitsui in 1992. After about 1986 the business began to recover. In 1989 Chevron made a two-year charter for London Victory, later expanded into a five-year charter for both her and her sister ship London Spirit. In 1992 LOF moved to Bermuda to restructure its debts. Mitsui completed three new Suezmax tankers for the fleet: London Pride (III) in 1993 for charter to Chevron and London Glory (III) and London Splendour (II) in 1995 for spot market tramp trading. In June 1995 Chevron's charters of London Spirit and London Victory expired. Chevron closed two of its refineries that year and did not renew the charters. Sale of the fleet In 1997 a Swedish shipping company, Frontline Shipping AB, also moved its operations to Bermuda. Frontline took a 51% controlling share in LOF, ending its independent history 49 years after its incorporation. Frontline renamed the Suezmax tankers London Pride (III), London Glory (III) and London Splendour (II) as Front Pride, Front Glory and Front Splendour respectively. The ships' actual owner was the Bermuda-registered Ship Finance Limited (SFL), for which Frontline is the ship management company. In February 2013 SFL terminated Front Prides charter and sold her to new owners who renamed her simply Pride. As of April 2013 Splendour and Glory are still listed in the Frontline fleet. References Further reading Organizations established in 1948 Organizations disestablished in 1997 Ships of London and Overseas Freighters Defunct shipping companies of the United Kingdom Shipping companies of Bermuda