John Fredriksen's Frontline just managed to turn a profit measured by fourth quarter operations.
BY RITZAU FINANS
The fourth quarter brings good news for the Norwegian shipping company Frontline. Operational profits went back to black with a positive result of USD 7 million, compared to a USD 306 million deficit in the same period last year.
The EU’s import ban on Russian oil will create ”imbalance” and ”spikes” in the bunker market, with disruptions seen lasting for ”at least the whole of 2023,” says Anders Grønborg, new chief exec of KPI Oceanconnect.