February 28, 2018 / 2:40 PM / 7 months ago

BRIEF-Tanker firm Frontline CEO says current rates are some of the worst we have seen

Feb 28 (Reuters) - Frontline Ltd:

* FRONTLINE CEO SAYS CURRENT TANKER RATES ARE SOME OF THE WORST WE HAVE SEEN

* FRONTLINE CEO SAYS WE BELIEVE 20 PERCENT OF VLCC FLEET IS CANDIDATE FOR SCRAPPING, SO MARKET WILL TIGHTEN AT SOME POINT

* FRONTLINE CEO SAYS EXPECTS SCRAPPING TO BE SIGNIFICANT THIS YEAR, GUESSES COULD BE CLOSE TO 40 SHIPS Further company coverage: (Reporting by Gwladys Fouche)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below