Frontline Income at Risk as Record Oil Hits Shipping

Oil prices that generated record shipping fees for Frontline Ltd., and the rest of the tanker industry, may reduce corporate earnings as demand growth slows and a new armada enters the market.

Frontline, the world’s biggest oil shipper, led the five- member Bloomberg Tanker Index to its best quarter in almost four years. Now the industry will contend with a 15 percent drop in rental rates in the second half, a Bloomberg survey of 13 analysts and brokers showed.

Bloomberg