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Benzinga
Benzinga
Business
Akanksha Bakshi

Frontline Posts Mixed Q3 Amid Seasonal Tanker Headwinds And Geopolitical Challenges: Details

Frontline FRO

Frontline Plc (NYSE:FRO) shares are down following mixed third-quarter results. Revenue rose 29.9% year-over-year to $490.4 million, surpassing the $361.42 million consensus.

Reported spot TCEs for VLCCs, Suezmax tankers, and LR2/Aframax tankers were $39,600 (vs. $42,500 last year), $39,900 (vs. $37,600 last year) and $36,000 (vs. $33,900 prior year) per day.

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