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Frontline Ltd (FRO.OL)

FRO.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Frontline Says Feen Marine Scrubbers Increasing Production Capacity Through Constructing 40,000 Square Meter Facility In Batam
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Frontline Ltd ::FRONTLINE LTD - FEEN MARINE SCRUBBERS INC IS INCREASING PRODUCTION CAPACITY THROUGH CONSTRUCTING 40,000 SQUARE METER FACILITY IN BATAM, INDONESIA.FRONTLINE LTD - NEW FACILITY, WHICH WILL COMMENCE OPERATIONS IN FEBRUARY 2019, WILL SEE PRODUCTION CAPACITY INCREASE FIVE-FOLD.  Full Article

Frontline Announces Increase In Ownership Interest In Feen Marine Scrubbers
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Frontline Ltd ::INCREASE IN OWNERSHIP INTEREST IN FEEN MARINE SCRUBBERS.INCREASED TO 28.9% FOLLOWING PURCHASE BY FMSI OF A 30.8% STAKE IN FMSI FROM BJØRNAR FEEN.  Full Article

Frontline: Board member Georgina E. Sousa resigns
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Frontline Ltd ::ANNOUNCES THAT GEORGINA E. SOUSA HAS RESIGNED AS BOARD MEMBER IN COMPANY.  Full Article

Frontline: Ulrika Laurin, director of Frontline, buys 50,000 shares
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Frontline Ltd ::FRO - PRIMARY INSIDER TRANSACTION.ULRIKA LAURIN, DIRECTOR OF FRONTLINE LTD., HAS ON NOVEMBER 21, PURCHASED 50,000 SHARES IN FRONTLINE LTD. ("FRONTLINE") AT AN AVERAGE PRICE OF NOK 53.453 PER SHARE.  Full Article

Frontline Q2 loss smaller than expected, takes stake in scrubber maker
Wednesday, 22 Aug 2018 

Aug 22 (Reuters) - Frontline Ltd ::FRONTLINE Q2 NET RESULT $-22.9 MILLION (REUTERS POLL LOSS $33 MILLION).POSITIONING FOR "IMO 2020" REGULATIONS BY ACQUIRING 20% IN FEEN MARINE SCRUBBERS INC., A LEADING MANUFACTURER OF EXHAUST GAS SCRUBBERS AND SECURING CAPACITY TO SOURCE A LARGE VOLUME OF EGCS FOR COMPANY.DESPITE CURRENT WEAK RATE ENVIRONMENT, WE BELIEVE CYCLICAL CHANGES ARE UNDERWAY AND AS A RESULT WE ARE MORE OPTIMISTIC ON TANKER RATES.FRONTLINE: FACTORS SUPPORTING OUR EXPECTATION INCLUDE CONTINUED SCRAPPING AHEAD OF 2020 OFFSETTING NEW DELIVERIES AND INCREASED DEMAND FOR SEABORNE TRADE AS A RESULT OF EXPECTED GROWTH IN BOTH US EXPORTS AND OPEC PRODUCTION.WILL CONTINUE TO LOOK FOR RIGHT INVESTMENT OPPORTUNITIES TO FURTHER POSITION COMPANY FOR EXPECTED RECOVERY.FRONTLINE Q2 OPERATING RESULT $-1.0 MILLION (REUTERS POLL LOSS $11 MILLION).  Full Article

Frontline says Launching of ATM Equity Offering
Tuesday, 24 Jul 2018 

July 24 (Reuters) - Frontline Ltd ::FRONTLINE - ENTERED INTO EQUITY DISTRIBUTION AGREEMENT DATED JULY 24, WITH MORGAN STANLEY & CO. LLC FOR OFFER AND SALE OF UP TO $100 MILLION OF SHARES OF CO.  Full Article

Frontline CEO calls for more M&A among oil tanker firms
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Frontline Ltd CEO Robert Hvide Macleod said during a call with analysts on Wednesday::Sees oil tanker market recovering in the second half of 2018, depending on the pace of old vessel scrapping.Oil tanker market needs more consolidation, the market is too fragmented now.  Full Article

Frontline expects near-term pressure on rates due to fleet growth
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Tanker firm Frontline Ltd : :Frontline expects near-term pressure on rates due to fleet growth.Tanker firm frontline says global year-to-date delivery of new vlccs (very large crude carriers) from yards to shipping firms stands at 44 units, ytd suezmax deliveries at 48 units.Frontline says global vessel delivery pace expected to slow towards the end of the year before picking up again in q1 2018.Frontline expects tanker industry's scrapping of old vessels to increase going forward as spot market remains especially challenging for older tonnage.  Full Article

BRIEF-Frontline Q3 net loss $24.1‍​ million
Wednesday, 22 Nov 2017 

Adds missing word "million" in second bullet point; attaches story to alerts:Frontline q3 net loss $‍24.1​ million (reuters poll loss $26.2 million).Frontline q3 operating loss $‍​5.4 million (reuters poll loss $9.2 million).Says loss is primarily due to weak average spot daily time charter equivalent ("TCE") earnings achieved by its fleet and a $5.8 million loss on the termination of the charter of Front Ardenne..‍Says impact of significant fleet growth over last two years was felt across industry and is reflected in results for q3​.Due to the net loss attributable to the company in the third quarter, the board has decided not to pay a dividend for the third quarter. ‍​.Says we are at the bottom of the cycle, and this is reflected in rates and asset prices‍​.Says will continue to execute strategy of fleet growth and renewal.  Full Article

Frontline Q3 net loss $24.1‍​ million
Wednesday, 22 Nov 2017 

Nov 22 (Reuters) - Frontline Ltd :Frontline q3 net loss $‍24.1​ million (reuters poll loss $26.2 million).Frontline q3 operating loss $‍​5.4 million (reuters poll loss $9.2).Says loss is primarily due to weak average spot daily time charter equivalent ("TCE") earnings achieved by its fleet and a $5.8 million loss on the termination of the charter of Front Ardenne..‍Says impact of significant fleet growth over last two years was felt across industry and is reflected in results for q3​.Due to the net loss attributable to the company in the third quarter, the board has decided not to pay a dividend for the third quarter. ‍​.Says we are at the bottom of the cycle, and this is reflected in rates and asset prices‍​.Says will continue to execute strategy of fleet growth and renewal.  Full Article

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