Tanker

Frontline CEO after 2021 loss: Q4 gave some relief

The last months of 2021 showed some signs of recovery in an otherwise strained tanker market, but it is hard to say when an actual upturn will happen, Frontline CEO Lars Barstad tells ShippingWatch. The Fredriksen-owned carrier booked an overall deficit for 2021.
"The fourth quarter of the year offered tanker owners some relief," states Frontline CEO Lars Barstad in the financial report. | Photo: Frontline
"The fourth quarter of the year offered tanker owners some relief," states Frontline CEO Lars Barstad in the financial report. | Photo: Frontline
by SØREN PICO, DAG HOLMSTAD, IDHA TOFT VALEUR

John Fredriksen-controlled Frontline, like other tanker carriers, is affected by a plagued market, manifested as a decline in revenue and an overall loss for the entire year 2021.

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