Increased tanker scrapping makes Frontline confident in recovery
Like its rivals, John Fredriksen-controlled operator Frontline had a tough third quarter with red figures on the bottom line. More scrapping of tankers is among the factors giving CEO increased confidence in an imminent recovery.
by SØREN PICO
Frontline is part of the choir of tanker operators that are singing of signs pointing to an imminent recovery in the strained market.
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