John Fredriksen steps down as chairman and president of Frontline royalgazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from royalgazette.com Daily Mail and Mail on Sunday newspapers.
Frontline Ltd. (the "Company" or "Frontline"), today reported unaudited results for the three months ended March 31, 2021: Highlights Net income of $28.9 million, or $0.15 per diluted share for
Frontline Reports First Quarter Net Income of $28.9 Million; Expects Revenue Improvement on Fleet Growth
Frontline Ltd., yesterday reported unaudited results for the three months ended March 31, 2021:
Highlights
• Net income of $28.9 million, or $0.15 per diluted share for the first quarter of 2021.
• Adjusted net income of $8.8 million, or $0.04 per diluted share for the first quarter of 2021.
• Reported total operating revenues of $194.0 million for the first quarter of 2021.
• Reported spot TCEs for VLCCs, Suezmax and LR2 tankers in the first quarter of 2021 were $19,000, $15,200 and $12,000 per day, respectively.
• For the second quarter of 2021, we estimate spot TCE on a load-to-discharge basis of $18,100 contracted for 70% of vessel days for VLCCs, $13,600 contracted for 63% of vessel days for Suezmax tankers and $14,200 contracted for 59% of vessel days for LR2 tankers. We expect the spot TCEs for the full second quarter of 2021 to be lower than the TCEs curre
Frontline (FRO) Q1 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.