Frontline Ltd (FRO.N)
2 Jul 2015
* Announces changed charter agreement to strengthen balance sheet
OSLO, May 29 - Crude oil tanker firm Frontline posted first-quarter operating profit above expectations on Friday and said it had adjusted its charter deal with Ship Finance to strengthen its balance sheet.
* Frontline and Ship Finance International Limited agree on amended charter structure
OSLO, Feb 26 - Operating profit at Norwegian tanker firm Frontline beat forecasts and the company said it expected earnings to improve further this year, benefiting from an oil glut that has pushed down prices of the commodity.