Frontline Ltd. provided operating guidance for the second quarter of 2020. For the second quarter of 2020, the company estimate spot TCE on a load-to discharge basis of $92,500 contracted for 75% of vessel days for VLCCs, $69,500 contracted for 63% of vessel days for Suezmax tankers and $50,200 contracted for 53% of vessel days for LR2s. The company expects the spot TCEs for the full second quarter of 2020 to be lower than the TCEs currently contracted, due to the impact of ballast days at the end of the quarter as well as current weaker rates.