I have been travelling and having vacation (!), so I have not paid much attention to the markets. I have not heard anything special about ITCL, but it is quite possible that JF is considering selling tankers. That popped in mind, when FRO did not distribute more ITCL shares in last quarter report. I'll try to find more information
First half of the year was much stronger that expected in the tanker market, especially in VLCC's.
Take a look at VLCC, Suezmax and Aframax first half summaries:
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