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Was trying to figure out what took FRO down so abruptly on 1/24. Perhaps it was the near term
tanker market prospects that JF talked about on 1/24.
The market for oil and fuel tankers will be the first to recover from a glut in the shipping
industry, reviving over the next 15 to 20 months as international trade picks up,
billionaire John Fredriksen said.

but also ...
“The tank market will recover first,” he said. “I believe most in the products side, not the big ships. Those will take much more time.”

So the JF-backed shipping entities have to slog through another difficult year, and hope the
FRNT ramp-up happens to coincide with the products tanker bounce. I wonder how many of the
Jinhaiwan newbuilds FRNT will end up keeping?
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