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Frontline well-positioned for tanker upturn

John Fredriksen's tanker company Frontline, which posted a net profit of $1.1m in the second quarter, reversing a loss in the year-earlier period, is expecting an upturn in the market and has thus positioned itself to capture the benefits

The company’s long-range two tanker Front Altair, which was hit by an explosion in the Strait of Hormuz in June, is undergoing repairs and should resume operations in the fourth quarter

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