October 23, 2017 6:49 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Frontline Ltd.

Company Overview

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. As of December 31, 2016, the company operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It is also involved in the charter, purchase, and sale of vessels. The company is based in Hamilton, Bermuda. Frontline Ltd. is a subsidiary of Hemen Holding Ltd.

Par-la-Ville Place

14 Par-la-Ville Road

Hamilton,  HM 08

Bermuda

135 Employees

Phone:

441-295-6935

Fax:

441-295-3494

Key Executives for Frontline Ltd.

Frontline Ltd. does not have any Key Executives recorded.

Frontline Ltd. Key Developments

Frontline Ltd. Presents at 10th Annual Capital Link Shipping, Marine Services & Offshore Forum, Sep-12-2017 02:40 PM

Frontline Ltd. Presents at 10th Annual Capital Link Shipping, Marine Services & Offshore Forum, Sep-12-2017 02:40 PM. Venue: One Moorgate Place, London, United Kingdom. Speakers: Lars Barstad, Commercial Director.

Frontline Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017

Frontline Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported total operating revenues of $150,148,000 compared to $191,756,000 a year ago. Net operating loss was $1,406,000 compared to income of $37,040,000 a year ago. Net loss before income taxes and non-controlling interest was $19,168,000 compared to income of $14,516,000 a year ago. Net loss attributable to the company was $19,379,000 or $0.11 per basic share compared to income of $14,312,000 or $0.09 per basic share a year ago, primarily due to $7.8 million in dry docking expenses and a $12.2 million loss on the termination of two charters. Net cash provided by operating activities was $29,652,000 compared to $82,346,000 a year ago. Additions to newbuildings, vessels and equipment were $207,276,000 compared to $176,599,000 a year ago. For the six months, the company reported total operating revenues of $327,275,000 compared to $418,859,000 a year ago. Net operating income was $39,379,000 compared to $139,814,000 a year ago. Net income before income taxes and non-controlling interest was $7,943,000 compared to $93,544,000 a year ago. Net income attributable to the company was $7,641,000 or $0.04 per basic share compared to income of $93,218,000 or $0.60 per basic share a year ago. Net cash provided by operating activities was $109,436,000 compared to $203,814,000 a year ago. Additions to newbuildings, vessels and equipment were $454,031,000 compared to $337,952,000 a year ago.

Frontline Ltd., Q2 2017 Earnings Call, Aug 30, 2017

Frontline Ltd., Q2 2017 Earnings Call, Aug 30, 2017

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