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Frontline anticipates turning point in tanker shipping

Crude oil carrier Frontline exits the second quarter with a slight profit. The CEO believes that the tanker market faces a turning point that will create a better market in 2020.

Photo: Frontline

Pace-setting tanker carrier Frontline reports a profit for the second quarter.

The company's net profit came to USD 1.1 million against a deficit of USD 36.5 million in the same period last year, according to the interim report, published Tuesday morning.

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