Frontline Plc - Company Profile
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Frontline plc (Frontline) is an international shipping company primarily engaged in the ownership and operation of oil and product tankers. The company's main services include the transportation of crude oil and refined petroleum products. Frontline operates a fleet of vessels, including VLCCs, Suezmax tankers, and LR2/Aframax tankers, designed for global trading. The company's services cater to major charterers of tankers, facilitating the transport of oil from regions such as the Middle East Gulf to the Far East, Northern Europe, and other key locations. Frontline's operations are supported by subsidiaries that manage chartering and insurance, ensuring efficient execution of strategic decisions. The company operates through subsidiaries located in various countries, including Cyprus, Bermuda, and Singapore, targeting markets worldwide. Frontline is headquartered in Limassol, Cyprus.
Headquarters
Cyprus
Address
7th floor, Flat/Office 740B, 8 Iris Building, Limassol, 3106
Website
www.frontline.bm
Telephone
1 441 2956935
No of Employees
87
Industry
Energy and Utilities
Ticker Symbol & Exchange
FRO (NYSE)
Revenue (2024)
$2.0B
-4.2%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-23.5%
(2024 vs 2023)
Market Cap*
$9.7B
Net Profit Margin (2024)
XYZ
-20.2%
(2024 vs 2023)
* As of and is in US$
Frontline Plc premium industry data and analytics
Products and Services
| Services |
|---|
| Charter |
| Crewing |
| Transportation |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In August, the company signed an agreement to sell two VLCCs built in 2017 for US$270 million. |
| 2026 | Asset Disposal | In January, the company announced the sale of its eight first generation ECO VLCCs. |
| 2026 | Contracts/Agreements | In January, the company signed an agreement for the acquisition of nine latest generation scrubber-fitted ECO VLCC newbuilding contracts. |
Competitor Comparison
| Key Parameters | Frontline Plc | Teekay Tankers Ltd | Teekay Corp Ltd | Tsakos Energy Navigation Ltd | Overseas Shipholding Group Inc |
|---|---|---|---|---|---|
| Headquarters | Cyprus | Bermuda | Bermuda | Greece | United States of America |
| City | Limassol | Hamilton | Hamilton | Nea Kifissia | Tampa |
| State/Province | - | - | - | - | Florida |
| No. of Employees | 87 | - | 1,800 | - | 1,286 |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ola Lorentzon | Chairman | Executive Board | 2021 | 75 |
| Lars H. Barstad | Chief Executive Officer - Frontline Management AS; Director - Commercial | Senior Management | 2021 | 54 |
| Inger M. Klemp | Chief Financial Officer - Frontline Management AS | Senior Management | 2006 | 62 |
| James O'Shaughnessy | Director | Non Executive Board | 2018 | 61 |
| Maria Papakokkinou | Director | Non Executive Board | 2024 | 45 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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