- (PLX AI) – Frontline Q1 net income USD 31.1 million.
- • Q1 adj. net income USD -1.6 million
- • Reported total operating revenues USD 217.4 million
- • For the second quarter of 2022, company estimates spot TCE on a load-to discharge basis of $22,600 contracted for 74% of vessel days for VLCCs, $32,700 contracted for 70% of vessel days for Suezmax tankers and $46,300 contracted for 58% of vessel days for LR2 tankers
- • CEO says tanker market recovery has accelerated