FRO - Third Quarter and Nine Months 2017 Results - Seite 2

The average daily time charter equivalents ("TCE") earned by Frontline in the quarter ended September 30, 2017, the prior quarter and in the nine months  ended September 30, 2017 are shown below, along with estimates for the fourth quarter in 2017 and the estimated average daily cash break-even ("BE") rates for the fourth quarter of 2017:

 

 

($ per day)	Spot and time charter			Spot			Spot estimates	% covered	Estimated average cash BE rates
	Q3 2017	Q2 2017	YTD 2017	Q3 2017	Q2 2017	YTD 2017	Q4 2017		Q4 2017
VLCC	13 200	23 800	24 000	13 200	23 600	23 500	19 200	76 %	21 600
SMAX	15 300	16 400	18 100	14 100	14 300	16 500	18 200	67 %	17 700
LR2	17 200	18 100	19 000	12 300	13 200	14 400	17 000	60 %	15 700

 

 

The full report can be found in the link below.

 

Questions should be directed to:

 

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS