Marine Link
Thursday, December 12, 2024

Frontline Profitable in Q1 Despite Low Freight Rates -CEO

Maritime Activity Reports, Inc.

February 27, 2020

Oil tanker firm Frontline's earnings are in the black so far in the first quarter despite strong headwinds from low freight rates, it's top executive said on Thursday.

"We are at current rates still running at a profit," Chief Executive Robert Hvide Macleod told a news conference. 

(Reporting by Victoria Klesty, editing by Terje Solsvik)

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week