Consolidation is a concern primarily in bad markets, not good times, according to Frontline chief executive Lars Barstad.
“I think consolidation is something you search for in a challenged market … on the tanker side right now, we’re actually very much okay,” he said at a Capital Link panel in Limassol, Cyprus, on 7 March.
“It’s more the cargo guys that are stumbling over each other in order to secure a ship.
