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Fly News Breaks for October 1, 2018
FRO
Oct 1, 2018 | 08:06 EDT
Jefferies analyst Randy Giveans started Frontline with a Hold rating and $6 price target. Tanker demand growth is set to outpace tanker supply growth through at least 2020, Giveans tells investors in a research note. As a result. he believes the crude tanker market is now past the bottom and shipping rates should improve significantly in the coming quarters and years.
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