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.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Jeremy Nixon worries that wage talks could worsen chaotic situation in US ports
The extreme container market could last all the way until the end of 2022, says ONE chief exec Jeremy Nixon to ShippingWatch. At the same time, he fears that wage talks for US port workers set for this spring could worsen the situation.
Defense in Dan-Bunkering case criticizes police's calculation of profits
The estimated profit made from 33 trades of jet fuel that ended up in sanctioned Syria is incorrect, according to the defense attorneys in the Dan-Bunkering case. SØIK maintains the amount.
Renowned Belgian shipping family calls for crazy people to decarbonize shipping
Less talk and more action is what is needed in the green transition of shipping. To do so requires some "crazy people," says CMB chief exec Alexander Saverys of the renowned Belgian shipping family. "There is no longer an excuse," he tells ShippingWatch.
Roughly two out of three container ships were delayed in September
Major bottlenecks in the container market are a continuous source of significant delays. Approximately two out of three container ships around the globe were severely delayed in September, according to analyst.
World Bank submits disputed LNG report to IMO negotiations
The World Bank is attempting to influence negotiations of shipping's green transition at MEPC, the IMO's environmental committee, with a report that criticizes and warns against the use of LNG as a ship fuel.
Fleet Performance Manager 
Senior Accountant to Finance & Accounting .jpg)
Operational Sales Coordinator 
Commercial Operations - Stena Bulk 
Coordinator / Marine Operator / Operations 
Senior Sales Director Naval - Terma 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Operations Executive