Banks issue new large-scale loans to tanker carriers
Two of the world's biggest players in crude oil, Frontline and Nordic American Tankers, have landed new major agreements with bank syndicates to refinance loans with improved terms. Frontline can reduce its daily TCE break even in 2016 by USD 1,400.
BY TOMAS KRISTIANSEN
Two of the world's biggest crude oil carriers, both with Norwegian roots but with fleets registered in Bermuda, have secured new deals with bank syndicates to refinance previous loans.
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