Investors are continuing to show little enthusiasm in New York-listed crude tanker stocks, despite a recent uptick in rates across most vessel classes.
John Fredriksen’s crude tanker bellwether Frontline was heading for the peer group’s biggest loss on the week, with a 5.7% decline in trading on Friday afternoon on the New York Stock Exchange.
Rates rise
This came during a week in which VLCC spot rates improved by 13.5%
