Frontline presents solid Q2 profit ahead of merger with Euronav

Tanker operator Frontline landed a net profit of USD 42m in the second quarter. Frontline is in the process of merging with Belgian competitor Euronav.

Frontline's CEO, Lars H. Barstad. | Photo: Mats Finnerud

by JENS THOMSEN

John Fredriksen-controlled tanker carrier Frontline closed the second quarter with an adjusted net profit of USD 42.2m from revenue of USD 300.4m, according to a statement on the Q2 report.

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Frontline presents solid Q2 profit ahead of merger with Euronav

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Frontline books profit despite more than halving the top line

Frontline must abide by Euronav's climate goals in potential merger

Frontline continues buying up shares in Euronav

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Front page now

Lidl's shipping company makes changes to get more customers in store

Professionals: Shipping has a bad image and struggles to attract women

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs