Crude and product tanker companies have been leading the charge after another “excellent” week for shipping share prices, analysts said.
Clarksons Platou Securities said companies such as Frontline and Hafnia have revealed bookings at higher-than-expected “elevated” rates for vessels in the second quarter, with strong signals of “substantial” dividends to come later this year.
John Fredriksen’s Frontline, which continues to work on a merger with Euronav, saw its share price rise 20% week-on-week, closing at $11.43
