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Low freight earnings weigh on crude tanker orders: Frontline

Meager earnings for crude tankers, rather than uncertainty about decarbonization options, are weighing on fleet renewal, but potential increases in long-haul demand present some green shoots, the CEO of crude tanker major Frontline told S&P Global Commodity Insights. The last few years have been a boom period for the so-called “shadow fleet” that carries sanctioned …