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Frontline lost USD 10 million in the third quarter

Frontline's third quarter became the first one in 2019 to end with red figures on the bottom line. The company's CEO remains optimistic.

Photo: Frontline

Earnings at Norwegian crude oil tanker carrier Frontline, a John Fredriksen-controlled company, took a major dive in this year's third quarter. For the first time in 2019, Frontline notes red figures on the bottom line.

During the quarter, the shipping company lost USD 10 million, shows the company's interim financial report.

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