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Frontline CEO Says Tanker Industry 'Maintains Business As Usual' Amid Uncertainty
Summary
Frontline Plc (NYSE: FRO) reported higher revenue of $427.9 million, but missed adjusted EPS consensus at 18 cents. VLCC TCEs were $37,200, Suezmax TCEs were $31,200, and LR2/Aframax TCEs were $22,300. Fleet growth is slow and refinancings have strengthened liquidity. FRO shares are up 2.97% premarket.
Original Article
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Read Full ArticleArticle published on May 23, 2025 by benzinga