Frontline CEO expects significantly weaker 2016

On top of a booming first quarter this year, Frontline expected that the soaring tanker market would only continue. The second quarter results show an entirely different picture and CEO Robert Hvide Macleod now foresees "a significantly weaker 2016."

by GRETCHEN PEDERSEN

Tanker carrier Frontline booked a setback in the net profit for the second quarter 2016 as evident in the just published interim report. This is despite previous expectations of a strong full year.

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Frontline CEO expects significantly weaker 2016

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Frontline has sold its last MR vessels

Frontline soars in Q1 and eyes strong market ahead

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

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Less than one percent of the container fleet is currently idle

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs