Tanker firm Frontline expects rise in storage of oil on vessels

Tanker firm Frontline expects rise in storage of oil on vessels
Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher oil prices, its chief executive told Reuters on Friday. While none of Frontline’s own vessels are currently used for this purpose, independent shipbrokers estimate that around 10 of the world’s ... read more
Source: Shipping NewsPublished on 2017-06-16
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