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.

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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading