John Fredriksen’s Frontline is set to outstrip market predictions of its profit in improving tanker markets.
The Oslo-listed owner posts second-quarter results on Thursday, with Norwegian investment bank Fearnley Securities expecting VLCC rates for the period to be “on the strong side”.
Fearnleys, which has a “buy” rating on the stock, is forecasting Ebitda of $123m, earnings per share of 33 cents and a dividend of 26 cents.
