30/11/2022at 09:25

Frontline is confident in prolonged tanker upswing

Tanker operator Frontline’s earnings increased in Q3, and CEO Lars H. Barstad predicts a ”prolonged strong cycle” in the tanker market.

Lars Barstad, CEO, Frontline. | Photo: Mats Finnerud

by DANIEL LOGAN

Increasing rates in the spot market were a dominant factor in Q3’s markedly improved bottom line for tanker operator Frontline.

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Frontline is confident in prolonged tanker upswing

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Related articles:

Tanker upswing could survive recession thanks to Russia's war and EU sanctions

Frontline chief sees several factors pulling tanker up: "The proof is in the pudding"

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Front page now

Maersk divests historic ship – was world's biggest in 1997

Port of Rotterdam expects regular bunkering of methanol by the summer

Drewry director eyes one central weakness in Maersk's strategy

Police find 4.5 tonnes of cocaine aboard freighter at Canary Islands

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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Scorpio Tankers sees higher rates so far in 2023

End of 2M alliance could trigger a domino effect

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

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