Frontline signs a USD 544 million sale-and-leaseback agreement with China’s ICBCL.
Frontline
Υψηλά 11 ετών για τα κέρδη της Frontline
Στην ανακοίνωση των ετήσιων οικονομικών αποτελεσμάτων της προέβη η Frontline Ltd. Η εταιρεία-κολοσσός πέτυχε τα υψηλότερα κέρδη των τελευταίων 11 ετών σε επίπεδο τριμήνου.
Οι πωλήσεις της εταιρείας ανήλθαν σε $338 εκατ. το τελευταίο τρίμηνο του έτους ($217,1 εκατ. το 2018), ενώ στο σύνολο του 2019 ο κύκλος εργασιών έφτασε τα $957,3 εκατ. ($742,3 εκατ. το 2018). Τα καθαρά κέρδη ανήλθαν σε $140 εκατ. για το έτος και $108,9 εκατ. για το Q4.
Η Frontline πέτυχε υψηλότερες τιμές ναύλων στη spot αγορά,...
https://www.naftikachronika.gr/2020/03/01/ypsila-11-eton-gia-ta-kerdi-tis-frontline/
Frontline Bets on Strong Market Rebound once Coronavirus is Contained
Frontline posted the highest quarterly net income in more than eleven years.
SFL Offloads VLCC, Terminates Charter with Frontline
SFL Corporation has sold and delivered Front Hakata, a 2002-built very large crude carrier.
https://worldmaritimenews.com/archives/290623/sfl-offloads-vlcc-terminates-charter-with-frontline/
Scrubber makers complete merger
In fact, two scrubber manufacturers, Clean Marine and FMSI, backed by Frontline and Navig8 Group have completed a merger with the aim to create one of the world’s biggest suppliers of exhaust gas cleaning kits, as planned earlier in October.
In October, 18 companies from the cruise and commercial shipping industry have created the Clean Shipping Alliance 2020 to promote the use of scrubbers to comply with the IMO 0.5% global sulphur cap in 2020.
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Frontline Secures USD 544 Mn for Ten Trafigura Tankers
Frontline has secured funds from China’s ICBCL that would enable the company to complete the acquisition of ten Trafigura ships.
Frontline Resumes Dividend As Tanker Market Improves
by Terje Solsvik (Reuters) – Crude oil tanker firm Frontline declared its first dividend in more than two years on Wednesday and said it plans to increase the payout in the fourth quarter as shipping rates continue to rise. The third-quarter dividend of $0.10 per share, its first since early 2017,...
Frontline Drops Options for Four More Trafigura Tankers
Frontline elected not to exercise the first option. As a result, the second Suezmax duo option was terminated.
Global Ocean’s JV To Help Evade Significant Risks?
- Golden Ocean has signed a non-binding term sheet to buy 10% of a bunkering joint venture (JV) together with global trading giant Trafigura, and tanker company Frontline.
- The JV will ensure a prompt access to both high-sulfur fuel and compliant fuel, which will either give a further competitive advantage or at least protection from a significant risk.
One way to overcome the limitations on marine fuel supply due to upcoming regulations is to buy your own marine fuel supplier, or at least part...
http://mfame.guru/global-oceans-jv-to-help-evade-significant-risks/
Frontline Extends Options for Trafigura’s Two Suezmaxes
The option for the first option Suezmaxes was extended to September 18.