Frontline reports best quarter in a decade, but eyes problems ahead

Like most of its competitors, Frontline had a fantastic first quarter. But CEO Robert Hvide Macleod warns of clouds on the horizon.

Photo: Frontline

Norwegian tanker ship operator Frontline delivered its best quarterly result in a decade, and the company thus follows in the footsteps of its competitors, all of which have presented large profits in recent weeks.

The adjusted income came to a profit of USD 179.4 million in the first quarter of 2020, compared to a profit of USD 40 million in the same period last year. The shipping company, listed in New York and Oslo, pays out dividends of 70 cent per share.

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