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Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is...

May 13, 2013 12:16 PM ETFrontline plc (FRO) StockFRO, OSGBBy: Carl Surran, SA News Editor1 Comment
Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is forcing exporters, who used to ship oil to U.S. markets, to find new customers on different trade routes, FT reports. A 10% jump in the number of oil-ton miles comes even as the volume of oil traded has flatlined, good news for tanker companies such as Frontline (FRO +8.6%) and Overseas Shipholding (OSGIQ.PK +3.3%).

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