Profile: Frontline Ltd (FRO.N)
Frontline Ltd., incorporated on June 12, 1992, is a shipping company. The Company is engaged in the ownership and operation of oil tankers. The Company operates oil tankers of two sizes: very large crude carriers (VLCCs), which are between 200,000 and 320,000 deadweight tons, and Suezmax tankers, which are vessels between 120,000 and 170,000 deadweight tons. The Company operates through subsidiaries and partnerships located in the Bahamas, Bermuda, the Cayman Islands, India, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels. As of December 31, 2014, the Company's tanker fleet consisted of 22 vessels and included of 14 VLCCs (excluding the four vessels in the Windsor group) and eight Suezmax tankers, of which one Suezmax, Front Ull, is owned and the remaining 21 are chartered in.
The Company operates in the tanker market as a provider of seaborne transportation of crude oil. It owns various vessel owning and operating subsidiaries. The Company's operations take place outside of the United States. The Company is engaged in transporting crude oil and its vessels operate in the spot and time charter markets. Its VLCCs are designed for the transportation of crude oil and, due to their size, are primarily used to transport crude oil from the Middle East Gulf to the Far East, Northern Europe, the Caribbean and the Louisiana Offshore Oil Port, or LOOP. The Company's Suezmax tankers are designed for worldwide trading, but the trade for these vessels is mainly in the Atlantic Basin, Middle East and Southeast Asia.
Par-La-Ville Place, 14 Par-La-Vi
HAMILTON HM 08