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Tankers and Gas Frontline Europe

Frontline chief eyes VLCCs as next investment

Frontline's chief executive Robert Macleod said he would choose very large crude carriers if pressed. Speaking on a webinar, he said he had little interest to invest in newbuildings at this point in the tanker cycle

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The company's chief Robert Macleod expects tanker rates to rise once oil demand returns. He also noted that a low orderbook to fleet ratio and scrapping of older vessels would support the market

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call UK support at +44 (0)20 3377 3996 / APAC support at +65 6508 2430

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