Oslo over the counter-listed Frontline 2012 booked a gain of $14.5m in the quarter.
Its adjusted profit of $16.6m beat the $9.5m consensus.
The uptick from the previous quarter’s $12.5m came as the John Fredriksen-led owner took delivery of four more MR products tanker newbuildings.
Frontline 2012 saw its VLCCs bring in $40,600 daily in the first quarter, while its suezmaxes earned $26,500 daily and its MRs $17,900 daily.
Operating
