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Frontline starts to ride VLCC wave

  • VLCCs booked at $107,100 per day for 92% of days in 1Q26
  • 4Q25 earnings below estimates
  • Ofac crackdown on sanctioned tankers helping compliant market

Frontline is beginning to see the benefits of the VLCC rally, saying growing crude demand and a rapidly ageing fleet will aid the compliant tanker market

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