FRO - Second Quarter and Six Months 2017 Results - Seite 2

 

($ per day)	Spot and time charter			Spot and time charter estimates	% covered	Estimated average BE rates
	Q2 2017	Q1 2017	2016	Q3 2017		2017
VLCC	23 800	34 400	43 200	16 800	62 %	21 600
SMAX	16 400	23 400	26 400	18 500	63 %	17 500
LR2	18 100	22 400	23 800	18 600	77 %	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

 [phone]

 

Inger M. Klemp: Chief Financial Officer, Frontline Management AS

[phone]

 

 

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. Words, such as, but not limited to "believe," "anticipate," "intends," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Frontline believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of Frontline, Frontline cannot assure you that they will achieve or accomplish these expectations, beliefs or projections. The information set forth herein speaks only as of the date hereof, and Frontline disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.