Frontline projects a significant surge in tanker rates
Frontline CEO Robert Hvide Macleod says that Friday's deal with Trafigura "ticks all the boxes." It comes at a time when the Norwegian crude oil ship operator expects to see a significant surge in rates, he tells ShippingWatch.
Frontline's large-scale acquisition of a series of brand new suezmax vessels from commodity trader Trafigura has the elements needed to be successful, says CEO Robert Hvide Macleod, adding that the timing is just right.
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