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FRO Jan 2025 17.000 put
- Simply Wall St.
Can Frontline plc (NYSE:FRO) Maintain Its Strong Returns?
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
- Reuters SG
Crude oil tanker market grappling with ageing fleet, says Trafigura
The crude oil tanker market is grappling with an ageing fleet of vessels which need to be replaced, posing a challenge as shipyards are focused on building other types of ships, a top executive with commodity trader Trafigura said on Tuesday. The crude tanker market, including VLCC supertankers, has remained strong in recent months partly due to longer voyages made by some vessels sailing via southern Africa amid Red Sea attacks by the Houthis, which has tightened availability. In addition, up to 850 tankers are estimated to have left conventional trading to transport sanctioned oil including from Russia, Iran and Venezuela as part of the so-called shadow fleet.
- GlobeNewswire
FRO – First Quarter 2024 Results
FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2024: Highlights Profit of $180.8 million, or $0.81 per share for the first quarter of 2024.Adjusted profit of $137.9 million, or $0.62 per share for the first quarter of 2024.Declared a cash dividend of $0.62 per share for the first quarter of 2024.Reported revenues of $578.4 million for the first quarter of
