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Frontline Ltd. Message Board

  • phillipjmonkey phillipjmonkey Feb 24, 2008 9:13 PM Flag

    oil tanker market outlook

    JPMorgan Sees Stronger Oil Tanker Market

    The oil tanker spot market will be stronger than previously forecast, mostly due to a higher rate of ship conversions, according to JPMorgan analyst Jonathan B. Chappell. He says more companies are converting ships into other, more profitable trades, and demand will increase for the remaining tankers.

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