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Frontline shares soar as first-quarter results beat expectations

John Fredriksen’s flagship tanker unit slides into the red on vessel oversupply and the Opec production cut but still outperforms market expectation. The company may find alternative employment for eight old VLCCs chartered from Ship Finance International

Update: Frontline Management chief executive Robert Macleod sees positive signs from crude inventory cycle, scrapping and potential relaxation of Opec cut

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