ShippingWatch

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.

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 today

More from ShippingWatch

Esvagt strikes huge deal with Totalenergies

The French oil major expands its partnership with the Danish service carrier, which secures long-term contracts on eight vessels that will now deliver far more than safety solutions. The agreement is expected to create jobs for more than 160 seafarers.

Western Bulk aims for listing in third quarter

The strong dry bulk market is prompting Norway's Western Bulk to aim for a listing in the third quarter. The carrier projects that the market will strengthen in the second half of the year.

Further reading

Related articles

Trial banner

Latest news

See all jobs