Frontline To Seek NYSE Listing

Tuesday, November 07, 2000
Norwegian tanker group Frontline said on Tuesday strong charter rates boosted nine-month pre-tax profits to a record and that it was considering seeking a listing on the New York Stock Exchange. The company, the world's largest independent tanker operator, reported pre-tax profits of $133 million, swinging from a loss of $73 million in the same year-ago period. The operating profit swung to a profit of $193 million from a loss of $13.7 million, while earnings per share rose to $1.86 from a loss of $1.48 per share. "This result reflects the strong tanker market that prevailed throughout the third quarter of 2000," Frontline said in a statement.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Offshore Oil Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0560 sec (18 req/sec)