BLBG:DNB Says Will Support Oil-Tanker Frontline Through Industry Downturn
DNB ASA, a lender to oil-tanker operator Frontline (FRO) Ltd., said it will “support” the company through an industry “downturn.” Harald Serck-Hanssen, the Oslo-based head of global shipping, offshore and logistics, spoke by phone today. Frontline said yesterday it would seek talks with lenders and that it may run out of cash next year.
To contact the reporter on this story: Michelle Wiese Bockmann in London at mwiesebockma@bloomberg.net
To contact the editor responsible for this story: Alaric Nightingale at anightingal1@bloomberg.net
