BUZZ-Frontline rises as sanctions boost demand for crude carriers

Shares in Norwegian oil tanker group Frontline FRO.OL rise 3.8% as tighter U.S. sanctions on Russian and Iranian fleets boost demand for large crude carriers

Sanctions on shadow fleets could potentially retire tankers from service and drive up demand for vessels operated by non-Russian traders such as Frontline, says Kepler Cheuvreux in a post on a Swedbank Aktiellt platform

"Assuming that 50% of these volumes will now be replaced by exports from Middle Eastern countries and through large crude carriers (VLCCs), this means that demand for VLCCs could potentially increase by 6-7%," adds broker

Frontline is among top performers on the pan-European STOXX 600 index .STOXX

(Reporting by Jesus Calero)

((Jesus.calero@thomsonreuters.com))