Frontline has scaled back Strait of Hormuz shipping following June attack – CEO
Oil tanker firm Frontline (FRO.OL) has scaled back the number of vessels it sends through the Strait of Hormuz after the attack in June on its Front Altair product tanker, Chief Executive Robert Hvide Macleod said.
“We’ve not decided to stay away, so we are doing business there, but have chosen other trades due to the situation — obviously the Front Altair was a very very difficult situation and we’ve gone down in terms of bookings,” he told an analyst call.
He said Frontline has taken extra precautions, but did not elaborate on the measures.
Source: Reuters (Reporting by Victoria Klesty, editing by Terje Solsvik)