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
