Frontline positive on recovery for tanker market
Oslo- and New York-listed tanker giant believes cyclical changes are under way with reports of heavy scrapping along with rising US and Opec output. Its second-quarter results were weaker on year on low spot earnings, but third-quarter TCE rates are improving
John Fredriksen’s flagship tanker unit will delay part of charter hires for eight old VLCCs leased from Ship Finance
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