ShippingWatch

Heavy lift industry facing large-scale consolidation

Extensive consolidation in the global heavy lift industry is underway and will presumably materialize in the coming months, several industry sources tell ShippingWatch. Heavyweights BBC Chartering and SAL Heavy Lift can play a key part in the resolution of the ailing industry's future.

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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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