After spending the past two years stuck at the four-star rank, shipper Frontline
Frontline followed an increase in first-quarter profits with second-quarter earnings that nearly tripled over the prior year. While competitors like Ship Finance
The company does face some challenges: Management warned of an increase in industry ship deliveries over the next couple of years that could depress the tanker market. It's the same for the dry bulk shipping market, where companies like Genco Shipping & Trading
Frontline itself has given some credence to this view, reporting some positive effects from oil demand in China in its recent conference call. Indeed, top Chinese oil company PetroChina
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