Subscribe to RSS feedFrontline chief sends crew fishing
by
Michelle Wiese Bockmann, London
—
last modified
Sep 02, 2010 10:08 AM
JOHN Fredriksen-controlled tanker giant Frontline would rather its crew went fishing than accept rates for its very large crude carriers at below US$10,000 per day.
Frontline Management chief executive Jens Martin Jensen explained the company’s policy of slowsteaming and keeping vessels idle at a conference call last Friday as it refused to fix its tankers on the spotmarket on low rates.
It did not...
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