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Dutch bank ING cancels credit to multipurpose carrier

Major bank ING has withdrawn its financing of Dutch multipurpose group Flinter Groep and Flinter Fleetholding, the company confirms. Vessels will be auctioned off.

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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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