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Frontline (FRO) shares collapse in Oslo as the world's largest operator of oil tankers, worried...

Frontline (FRO) shares collapse in Oslo as the world's largest operator of oil tankers, worried it will run out of cash next year, pursues talks with lenders. Down 60% since 2010's start, tanker rates have been in unprofitable territory for nearly all of 2011. Frontline is trying to get in front of other shippers that will likely need restructuring in 2012. Shares -42% premarket.
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Comments (1)
  • alexander45
    , contributor
    Comments (2) | Send Message
     
    Well, stuff needs to be shipped so...what companies will still be in business in 2013. Bought out or merged? NATS and FRO? Others? Any ideas?
    23 Nov 2011, 04:20 PM Reply Like
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