Tanker owners will have more chances of fixing their ships on longer period charters as the oil market points to a prolonged crude supply overhang, said Frontline Management chief executive Robert Hvide Macleod.
After front-month West Texas Intermediate (WTI) crude futures settled in the negative territory for the first time at the beginning of the week, Brent futures took a hammering on Tuesday with the June contract falling by more than 25%.
