Frontline plc (NYSE: FRO) is a maritime transportation company that owns and operates a fleet of crude oil and refined petroleum product tankers. Its vessels transport energy commodities for oil companies, commodity traders, refineries and other customers in international markets.
The company’s fleet primarily includes very large crude carriers (VLCCs), Suezmax tankers and Aframax or LR2 tankers. Frontline generally employs its vessels through a combination of voyage charters, time charters and commercial pool arrangements, allowing it to serve major global shipping routes and connect oil-producing regions with refineries and consuming markets.
Frontline has roots in the Norwegian shipping industry and is associated with shipping entrepreneur John Fredriksen. The company is incorporated in Bermuda and has historically maintained operational activities in Cyprus and other maritime centers. Its shares trade on the New York Stock Exchange and Oslo Stock Exchange.
Frontline’s business is influenced by global oil demand, tanker supply, international trade patterns, fleet utilization and marine transportation rates. The company’s vessels operate worldwide, carrying crude oil and petroleum products between ports in the Middle East, the Americas, Europe, Africa and Asia.
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