About Frontline Ltd.
Frontline Ltd. is an international shipping company, which engages in the ownership and operation of oil and product tankers. The firm is engaged in the seaborne transportation of crude oil and oil products. Its tankers segment includes crude oil tankers and product tankers. As of December 31, 2016, the Company's fleet consisted of 28 vessels owned by the Company (seven very large crude carriers (VLCCs), 10 Suezmax tankers and 11 Aframax/LR2 tankers); 13 vessels that are under capital leases (11 VLCCs and two Suezmax tankers); one VLCC that is recorded as an investment in finance lease; four vessels chartered-in for periods of 12 months, including extension options (two VLCCs and two Suezmax tankers); two VLCCs where cost/revenue is split equally with a third party (of which one is chartered-in by it and one by a third party); three medium range product tankers that are chartered-in on short term time charters with a remaining duration of less than two months, and five vessels that are under commercial management (two Suezmax tankers and three Aframax oil tankers).
NAT, FRO, DHT: Shipping Stocks Rally Friday on Suez Canal Hopes Fri, 26 Mar 2021 14:07:25 -0400 - NAT stock and other shipping stocks are on the rise as investors look for ways to trade uncertainty around the Suez Canal blockage today. The post NAT, FRO, DHT: Shipping Stocks Rally Friday on Suez Canal Hopes appeared first on InvestorPlace.
10 Cheap Stocks Under $10 That Don't Deserve Your Time or Money Tue, 23 Mar 2021 11:12:45 -0400 - There are plenty of cheap stocks out there, but don't confuse inexpensive for undervalued; these 10 stocks under $10 should be avoided. The post 10 Cheap Stocks Under $10 That Don't Deserve Your Time or Money appeared first on InvestorPlace.
OPEC+ deal shocker will prolong bloodletting for crude tankers Fri, 05 Mar 2021 17:03:44 -0500 - The day before the surprise OPEC+ crude-production decision, Lars Barstad, interim CEO of tanker owner Frontline (NYSE: FRO), pointed to estimates that up to 1.5 million barrels per day (b/d) of output might return. If so, that could lead tanker markets “to tighten up quickly” and “be a trigger to sentiment … and give owners the gumption to say, ‘Rates are negative so I'm going to hold back.
A Trio of High Return Non-Cyclical Stocks to Consider Thu, 25 Feb 2021 12:47:25 -0500 - If in search of high return investments, investors may be interested in the three non-cyclical stocks listed below, as their earnings yields (as calculated via Joel Greenblatt (Trades, Portfolio)'s method) are beating the average of the S&P 500 stocks.
Frontline: Q4 Earnings Insights Fri, 19 Feb 2021 07:44:20 -0500 - Shares of Frontline (NYSE:FRO) moved higher by 3.3% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share decreased 118.52% over the past year to ($0.10), which missed the estimate of $0.32.