Feb 28, 2025 / 02:00PM GMT
Lars Barstad - Frontline Plc - Chief Executive Officer of Frontline Management AS
Thank you very much, dear all, and thank you for dialing into Frontline's quarterly earnings call. Being in the tanker industry, one is used to evolving and leverage hanging markets, largely affected by geopolitical events, but it's becoming a little bit exhausting having potential seismic shifts by the hour.
At Frontline, we managed to stay calm, trade our ships and wait for the facts or actual outcomes instead of attempting to analyze every statement out there. A red line in all the action is focused on sanctions enforcement and a widening scope within that real, which we welcome. Before I give the word to Inger, I'll run through the TCE numbers on Slide 3 in the deck.
In the fourth quarter of 2024, Frontline achieved $35,900 per day on our VLCC fleet, $33,400 per day on our Suzman fleet and $26,100 per day on our LR2/Aframax fleet. So far in the third quarter, 80% of our VLCC days are booked at $43,700 per day, 77% of our Suezmax days are booked at $35,400 per day and 64% of our LR2/Aframax days are
Q4 2024 Frontline Plc Preliminary Earnings Call Transcript
Feb 28, 2025
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