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Frontline (NYSE: FRO) — Company Overview, News & Financial Data

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Company profile

Frontline

About

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Frontline is a international seaborne transportation company specialising in crude oil and refined petroleum products. The company operates a modern, diverse fleet of tanker vessels, including Very Large Crude Carriers (VLCCs), Suezmax vessels, and Aframax/LR2 tankers. Frontline charters its vessels to major energy companies, international oil traders, and state-owned oil entities, providing ocean freight services across global energy trade routes. Its operations encompass spot market voyage charters, time charters, and commercial vessel management, facilitating the bulk transport of crude oil and petroleum products from major production regions to international refining and consumption hubs.

Snapshot

Public USOwnership
1985Year founded
51–200Employees
Limassol, CyprusHead office
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Global footprint

Operations

All Locations
Limassol, CY
Oslo, NO
London, GB

Products and/or services of Frontline

  • Very Large Crude Carrier Fleet Operations: Commercial transportation of crude oil utilizing 38 VLCC vessels capable of carrying approximately two million barrels each across long-haul international ocean trade routes connecting major production hubs with refining markets.
  • Suezmax Tanker Transportation: Seaborne transportation services operating 19 Suezmax tankers with capacities around 120,000 to 160,000 deadweight tons for regional and long-haul crude shipping through strategic international waterways like the Suez Canal.
  • Aframax and LR2 Product Carrier Operations: Seaborne transport of refined petroleum products and crude cargoes utilizing 18 Aframax and LR2 clean tanker vessels operating on flexible global routes and mid-range trade corridors.
  • Spot Market Voyage Charters: Spot chartering services providing voyage-based freight rates for single oil cargoes, allowing vessel deployment flexible optimization according to immediate global supply-demand market conditions and regional shipping rates.
  • Time Charter Vessel Operations: Long-term and medium-term time charter contracts providing fixed daily hire rates to major international energy corporations, state-owned petroleum entities, and commodity traders, securing predictable operational cash flows.
  • Commercial Fleet Management Services: Commercial management and optimization of tanker fleet operations, including vessel scheduling, port call management, bunker fuel procurement, charter party negotiations, and operational route planning for oil transport.

Frontline executive team

  • Mr. Lars H. BarstadChief Executive Officer of Frontline Management AS
  • Ms. Inger Marie KlempChief Financial Officer of Frontline Management AS
  • Marios SaveriadesSecretary