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Frontline soars in Q1 and eyes strong market ahead

Tanker carrier Frontline exits the first quarter 2016 with improvements across the board, driven especially by VLCC vessels enjoying a market characterized by record crude production and low oil prices. Strong tanker demand going forward, notes CEO.

Photo: Frontline

In its first full quarter after the merger between Frontline and Frontline 2012, the John Fredriksen-controlled tanker carrier delivered a soaring revenue and an improved net result in a market still booming on the back of the low oil price and towering transport demand.

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