Frontline has been seeking more tanker assets in a “very, very strange market”, where few deals have materialised despite healthy earnings prospects, according to its top executive.
Holding a positive market view and backed by tycoon John Fredriksen's war chest, the Oslo and New York-listed tanker giant has been in expansion mode for some quarters.
“There have been ships [offered] for sales and we have been looking at a few,” Frontline Management chief executive Robert Hvide Macleod said in a conference call on Wednesday.
