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Odfjell nets millions from oil terminal sale

Norway's Odfjell has sold a 50 percent ownership share in a Singaporean oil terminal to a fund, bringing in millions to the carrier.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

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