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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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Frontline launches equity offering to fund scrubber installations
Ship Finance sells three VLCCs to ADS
Opec brings cheer to tanker owners with output hike





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