Frontline Profitable in Q1 Despite Low Freight Rates -CEO

Oil tanker firm Frontline (FRO)'s earnings are in the black so far in the first quarter despite strong headwinds from low freight rates, it's top executive said on Thursday.

"We are at current rates still running at a profit," Chief Executive Robert Hvide Macleod told a news conference. 

(Reporting by Victoria Klesty, editing by Terje Solsvik)