Frontline CEO sees signs of growth for tanker in 2019

After a strong start to 2019, Frontline and CEO Robert Hvide Macleod expect a tanker market that will overall perform better than last year. However, the number of new ships set for delivery this year represents just one of several concerns.

Photo: Highlander Tankers

The tanker market is headed for a doubling of US export volumes and VLCC rates since the beginning of the year.

This was the optimistic assessment offered up by the John Fredriksen-controlled tanker shipping company that published its annual report on Thursday last week.

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