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Frontline Ltd: Overview

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Frontline Ltd (Frontline) is a shipping company that transports crude oil and it is related refined petroleum products. The company owns and operates very large crude carriers (VLCCs), Suezmax tankers, and Aframax/LR2 tankers. Its vessels operate in the spot and time charter markets. Frontline’s VLCCs and Suezmax tankers are used to transport crude oil, while Aframax/LR2 tankers are used to transport mainly refined products, and also fuel and crude oil from smaller ports. Frontline also carries out charter, purchase, and sale of vessels. It operates oil and product tankers in India, Liberia, the Marshall Islands, Norway, Bermuda, the UK, and Singapore. Frontline is headquartered in Hamilton, Bermuda.

Headquarters Bermuda

Address Par-La-Ville Place, 14 Par-La-Ville Road, Hamilton, HM08


Telephone 1 441 2956935

No of Employees 79

Industry Energy and Utilities

Ticker Symbol & Exchange FRO (NYSE)

Revenue (2021) $749.4M -38.6% (2021 vs 2020)

EPS XXX

Net Income (2021) XXX -102.7% (2021 vs 2020)

Market Cap* $1.8B

Net Profit Margin (2021) XXX -104.4% (2021 vs 2020)

* As of and is in US$

Products and Services

Services
Charter
Transportation
Shipping
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History

History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.

Year Event Description
2022 Contracts/Agreements In April, the company entered into an agreement to merge with Euronav NV.
2021 Acquisitions/Mergers/Takeovers In July, the company acquired Nissos Santorini and Nissos Antiparos Tankers from Okeanis Eco Tankers for US$180 million.
2021 Contracts/Agreements In June, the company entered into an agreement to acquire two scrubber fitted VLCCs for US$180 million.
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Competitor Comparison

Key Parameters Frontline Ltd Seacor Holdings Inc Teekay Corp Teekay LNG Partners LP Tsakos Energy Navigation Ltd
Headquarters Bermuda United States of America Bermuda Bermuda Greece
City Hamilton Fort Lauderdale Hamilton Pembroke Athina
State/Province - Florida - - -
No. of Employees 79 2,195 4,150 2,100 -
Entity Type Public Public Public Public Public
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Key Financial Charts

Net Income Growth

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Operating Margin
Operating Margin
EPS (Earnings per Share)
EPS (Earnings per Share)
Debt to Equity Ratio
Debt to Equity Ratio
Return on Assets
Return on Assets
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Executives
Name Position Board Since Age
John Fredriksen Director Executive Board 1997 77
Lars H. Barstad Chief Executive Officer; Commercial Director Senior Management 2020 51
Jens Martin Director Non Executive Board 2022 -
James O'Shaughnessy Director Non Executive Board 2018 58
Tor Svelland Director Non Executive Board 2018 54
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
Non Dignissim Eros Proin vel Convallis 2022 XX
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