United States

Frontline CEO calls for more M&A among oil tanker firms

Wednesday, 22 Nov 2017 09:33am EST 

Nov 22 (Reuters) - Frontline Ltd CEO Robert Hvide Macleod said during a call with analysts on Wednesday::Sees oil tanker market recovering in the second half of 2018, depending on the pace of old vessel scrapping.Oil tanker market needs more consolidation, the market is too fragmented now.