Norway’s Frontline has no plans to offload its non-eco tankers as the sector shifts into a higher gear.
With rates rising for suezmaxes and LR2s, and signs of optimism for beleaguered VLCCs, having “assets on the water” is the most important thing right now, chief executive Lars Barstad told analysts on a conference call.
The John Fredriksen-controlled shipowner does not regard its older vessels as sales candidates currently, the CEO said.
