Chief executive Robert Hvide Macleod is also hopeful up to half of the VLCCs tied up this year on potential storage contracts will be taken away from the spot market.
Speaking on a conference call after Frontline’s fourth quarter report, Macleod priced a new VLCC at between $96 and $97m, with suezmaxes costing $65m to $67m.
“The US dollar remains strong,” he said.
