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Frontline looks into muted tanker market from the start of the year

Like several of its competitors, the last few months of 2020 also ended with a deficit for John Fredriksen-controlled tanker carrier Frontline. New CEO looks into a muted market.

Photo: Frontline

John Fredriksen-controlled Frontline is the latest in a series of tanker carriers to confirm that the end of 2020 turned out extremely difficult for the segment.

In the fourth quarter, Frontline booked a net loss of USD 9.2 million, shows an unaudited annual report, published Friday.

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