The tanker market has much to gain from consolidation, but the instinct of owners is to hold on to their own ships, Frontline chief executive Lars Barstad told a London conference.
Asked by Capital Link moderator Edward Royle, chief commercial officer of Ifchor Galbraiths, about mergers and acquisitions in the sector, the Norwegian company’s boss joked it was funny how consolidation questions always ended up in his lap.
