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March 29, 2015 8:41 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Frontline Management (Bermuda) Ltd.

Company Overview

Frontline Management (Bermuda) Ltd. is responsible for commercial management of its parents ship owning subsidiaries, including chartering and insurance. Frontline Management (Bermuda) Ltd. is responsible for technical management of the vessels, including crewing, maintenance, repair, capital expenditures, dry docking, vessel taxes, maintaining insurance and other vessel operating expenses. The company is based in Hamilton, Bermuda. Frontline Management (Bermuda) Ltd. operates as a subsidiary of Frontline Ltd.

Par-la-Ville Place

14 Par-la-Ville Road

Hamilton,  HM 08

Bermuda

Phone:

441-295-6935

Fax:

441-295-3494

Key Executives for Frontline Management (Bermuda) Ltd.

Frontline Management (Bermuda) Ltd. does not have any Key Executives recorded.

Frontline Management (Bermuda) Ltd. Key Developments

Frontline Management (Bermuda) Ltd. and Tankers International LLC Announce the Formation of VLCC Chartering Ltd

Frontline Management (Bermuda) Ltd. and Tankers International LLC announced the formation of a new company, VLCC Chartering Ltd. The aims of the company will be: to create a larger fleet with more flexibility and more options for cargo owners and a single point of contact to access these benefits; to reduce voyage related expenses and thereby improve the net earnings (TCE) of the Very Large Crude Carriers (VLCCs) operated by both owning companies through optimisation of voyages; to reduce carbon emissions as a direct consequence of using less fuel for cargo movements through fleet optimisation. VLCC Chartering will have access to the combined fleets of Frontline and the TI Pool and will primarily identify the right ship for each cargo offered and on that basis select one ship to bid taking into consideration operational factors. VLCC Chartering Ltd. will be jointly owned by the partners and the services provided by it will be subcontracted to it by TI and Frontline Management AS. The company will accept appointment as voyage charter manager for the VLCC fleets of Frontline and TI and will work to deliver the improvements.

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