Subscribe to RSS feedWarning on tanker newbuildings
JOHN Fredriksen’s Frontline believes that as much as a third of the tanker newbuilding orderbook could be delayed or cancelled after the company culled a similar proportion of its own newbuilding program.
Frontline has cancelled orders for two very large crude carriers and four suezmaxes at Chinese shipyards worth more than US$550m and representing 33% of its orderbook.
However, Jens Martin Jensen, now confirmed as Frontline Management’s permanent chief executive, said...
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