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Frontline Ltd (FRO.OL)

FRO.OL on Oslo Stock Exchange

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Wed, Feb 28 2018

BRIEF-Tanker firm Frontline CEO says current rates are some of the worst we have seen

* FRONTLINE CEO SAYS CURRENT TANKER RATES ARE SOME OF THE WORST WE HAVE SEEN

UPDATE 1-Tanker firm Frontline books $248 mln Q4 loss due writedowns

OSLO, Feb 28 Frontline, the oil tanker firm controlled by shipping tycoon John Fredriksen, reported a larger-than-expected fourth-quarter loss on Wednesday as impairments and goodwill writedowns hit results.

UPDATE 1-More scrapping may lift oil tanker rates in late 2018 -Frontline CEO

OSLO, Dec 18 Oil tanker firm Frontline expects shipping firms to scrap more old vessels which may lead to a recovery in rates for the remaining global fleet in the second half of 2018, its chief executive told Reuters on Monday.

More scrapping may lift oil tanker rates in late 2018 -Frontline CEO

OSLO, Dec 18 Oil tanker firm Frontline expects shipping firms to scrap more old vessels in the time ahead, which may lead to a recovery in rates for the remaining global fleet in the second half of 2018, its chief executive told Reuters on Monday.

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