Frontline lost USD 12.1 million in the 1st quarter

The tanker carrier is in strong need of increasing rates in order to repay some of the company's massive debt.

BY OLE ANDERSEN

Tanker carrier Frontline suffered a USD 12.1 million deficit in the first quarter 2014. The carrier's net profit came to USD 3.6 million not including losses related to ship divestments, according to the company's interim report, published Tuesday.

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Frontline lost USD 12.1 million in the 1st quarter

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Frontline sees better balance in tank

Frontline 2012 in solid 2013 finish

Fredriksen added USD 792.4 million to his fortune in 2013

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

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Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

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Further reading

Carriers go their separate ways on climate quotas

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs