Frontline boss Lars Barstad believes bumper fourth-quarter earnings could be just the start for the tanker market.
John Fredriksen’s Oslo-listed tanker company posted its highest quarterly profit since 2008 on Tuesday, with rates climbing even higher for aframaxes/LRs and suezmaxes since then.
Net earnings hit $240m from $20m a year ago, while revenue grew from $213m to $530m.
