Frontline tanker fleet earnings stay below break-even amid oil demand uncertainty
The John Fredriksen-owned tanker giant latest to foreshadow an uncertain and slower-than-anticipated recovery for the global fleet of crude and product tankers, as pandemic-induced oil demand shock continues to roil markets
Most of the tankers in the fleet of New York-listed Frontline will be earning average rates below the company’s break-even levels for the last three months of the year, the company said