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Stock Market & Financial Investment News

News Breaks
February 22, 2013
05:34 EDTFROFrontline says if tanker market doesn't recover by 2015 it may force restructuring
If the tanker market does not recover before 2015 and no additional equity can be raised or assets sold there is a risk that Frontline will not have sufficient cash to repay the existing $225M convertible bond loan at maturity in April 2015. Such a situation might force a restructuring of the company, including modifications of charter lease obligations and debt agreements.
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October 20, 2014
07:46 EDTFROFrontline appoints Robert Hvide Macleod as CEO
The board of Frontline announces that Robert Hvide Macleod has been engaged as the new CEO for Frontline Management AS. Macleod is currently the managing director and owner of Highlander Tankers AS and will join Frontline on November 3. The current CEO of Frontline, Jens Martin Jensen has accepted a position where he will be in charge of the Sale & Purchase, Newbuilding and other maritime related projects of the Group.

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