Search results for: Frontline

334 results

A list of search results

  • 4 January 2012
    Business & Finance

    DHT Holdings, Inc. today announced that it has amended the time charter with Frontline for the VLCC DHT Eagle, whereas the charter hire shall be paid at $26,000 per day monthly in advance for the remaining period of the charter commencing January 1, 2012. The difference between the original charter hire and the amendment, being $6,500 […]

  • 3 January 2012
    Business & Finance

    GAC, one of the world’s leading providers of shipping, logistics and marine services, has today opened a new office in Pointe Noire, Republic of the Congo. GAC Shipping and Logistics Congo Sarl will provide ship agency, husbandry and freight forwarding services for customers operating in the Congo, as well as providing additional support for GAC’s […]

  • 29 November 2011
    Business & Finance, Equipment, Operations & Maintenance

    Technip Offshore Wind Ltd, a wholly-owned subsidiary of Technip, has reinforced its next generation subsea technology, underpinning its ambitious vision to drive the renewables industry to a new frontier. Technip has harnessed its internationally proven deep-rooted energy sector expertise to breed a new pedigree of cable plough and trencher that feature cutting-edge design and frontline […]

  • 29 November 2011

    CHEC has awarded the contract for “Hong Kong Boundary Crossing Facilities – Reclamation Works of Hong Kong – Zhuhai – Macao Bridge”. The awarded contract sum is HKD 6.989 billion, approximately USD 896 million. The construction period is 50 months. The project will commence by the end of November 2011 and is expected to complete […]

  • 17 November 2011
    Business & Finance

    As a result of the unusually warm weather experienced in the UK in recent months, and the corresponding impact on consumption, it is currently anticipated that Centrica’s 2011 earnings may be marginally lower than current market expectations, with the reduction in operating profits offset in part by lower interest and tax charges. Subject to weather […]

  • 19 October 2011
    Business & Finance

      DP World, UAE Region has won the prestigious Container Terminal Operator Award for a third consecutive year at the annual Seatrade Middle East & Indian Subcontinent Awards on October 17. The leading regional marine terminal operator’s all-round operational excellence, throughput performance, efficient automation systems and other sustainable value added services delivered at its terminal […]

  • 19 October 2011
    Business & Finance

      DP World, UAE Region has won the prestigious Container Terminal Operator Award for a third consecutive year at the annual Seatrade Middle East & Indian Subcontinent Awards last night. The leading regional marine terminal operator’s all-round operational excellence, throughput performance, efficient automation systems and other sustainable value added services delivered at its terminal facilities […]

  • 13 September 2011
    Business & Finance

    Ship Finance International Limited announces that it has agreed to sell its three remaining single hull vessels to an unrelated third party for a total net sales price of approximately $72.7 million. Concurrently with the sale, Ship Finance has agreed to terminate the corresponding charters to Frontline Ltd​. The estimated delivery of Titan Orion, Titan […]

  • 29 August 2011
    Business & Finance

    On August 24, NYK president Yasumi Kudo held a meeting with six captains and chief engineers at the NYK headquarters in Tokyo. During the meeting, President Kudo and the ship officers exchanged opinions about the safe operation of the NYK fleet, and President Kudo then issued instructions to further promote activities in an effort to […]

  • 21 July 2011
    Business & Finance, Equipment

    Maersk Drilling and Maersk Training have invested in a state-of-the-art drilling simulator from Drilling Systems (UK) Ltd. The fully immersive drilling simulator will provide a real-life experience and will be customized to incorporate the specific designs of Maersk Drilling’s latest newbuilding series and existing deepwater semis. The drilling simulator is expected to be fully operational […]

  • 7 June 2011
    Business & Finance

      The Danish government launches a new Danish strategy for measures against piracy The strategy follows up on the existing multi-facetted Danish efforts made and creates a coherent, multi-annual framework for the Danish measures against piracy. The strategy will run until 2014. The overall purpose of the Danish efforts is to contribute to making the […]

  • 2 May 2011

      Aiming to further improve its safety performance, the Australian oil and gas industry has begun its third annual Stand Together for Safety event. Teams will stop work for two hours on a designated day in May to have a structured discussion about how safety can be improved in their workplace. The event facilitates discussions […]

  • 30 March 2011

    The world’s five biggest oil-tanker companies will still travel to the ports of Tokyo Bay, joining other shipping lines in judging them safe for crew and vessels. Mitsui O.S.K. Lines Ltd., Frontline Ltd., Teekay Corp., Nippon Yusen Kaisha and NITC Co., whose ships can hold enough oil to supply Japan for 100 days, all said […]

  • 17 September 2010

    Shipping companies led by Norway- born billionaire John Fredriksen renegotiated the terms of orders for oil tankers and coal and iron ore carriers due to be built by a Chinese shipyard. Frontline Ltd., the world’s largest supertanker operator, and Golden Ocean Group Ltd. increased the number of vessels they are having built at Zhoushan Jinhaiwan […]

  • 3 August 2010

    Global shipping and energy services firm, the Craig Group, has announced a multi million pound investment in four new emergency response and rescue vessels. (ERRVs) It is anticipated that the new vessels have the potential to create an additional 120 jobs in the North Sea marine industry. Managed by North Star Shipping, a division of […]

  • 25 June 2008

    HAMILTON, BERMUDA–(MARKET WIRE)–Jun 25, 2008 — Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO – News) is pleased to announce the acquisition of five double hull Suezmax tankers en bloc from Top Ships Inc. at a purchase price of $240 million. The vessels are built in the period 1992 to1996, and will be delivered in the […]

  • 28 April 2008

    Frontline Ltd. has entered into a contract with Zhoushan Jinhaiwan Shipyard Co.,Ltd. in China for delivery of four 320,000 dwt VLCC newbuildings. The vessels will be delivered from June 2011 until December 2011. Frontline has also secured options for further two similar VLCC newbuildings at a fixed price.

  • 27 April 2008

    The former Sealift/Frontline Suezmax tanker ‘Marble’, now owned by a subsidiary of Dockwise Ltd., and renamed “Triumph”, has been accepted by Cosco Guangdong Shipyard on April 18, 2008. The conversion into a heavy lift vessel has started immediately by placing the vessel in drydock.

  • 21 March 2008

    The former Sealift/Frontline Suezmax tanker ‘Front Granite’, now owned by Granite B.V., a wholly owned subsidiairy of Dockwsise Ltd., ‘Trustee’, has been delivered to Cosco Zhoushan Shipyard on March 20, 2008 and the conversion into a heavy lift vessel will start.

  • 5 March 2008

    Frontline Ltd. announces that Independent Tankers Corporation Limited (‘Independent Tankers’) will be registered on the over-the-counter market in Oslo, Norway (the ‘Oslo OTC Market’) as from Friday 7 March, 2008. Independent Tankers has been assigned the ticker code ‘ITCL’.

  • 13 February 2008

    The Board of Frontline Ltd. (announces net income of $202.3 million for the fourth quarter of 2007, equivalent to earnings per share of $2.70. Operating income for the quarter was $152.7 million including a gain on sale of assets of $53.4 million. This gain consists of $37.0 million relating to the delivery of the second […]

  • 4 December 2007

    Ship Finance International Limited, today announced the agreement to sell its two remaining suezmax tankers with double sides but only single bottom. Front Birch and Front Maple (both vessels built in 1991) are sold to unrelated third parties, and deliveries to the new owners are expected to take place in December and January. Net sales […]

  • 16 October 2007

    Ship Finance International Limited, today announced that it is has agreed to sell the single hull VLCC Front Duchess to an unrelated third party for net sales proceeds of $54.5 million. Delivery to the new owner is expected to take place in January/February 2008, and Ship Finance will receive a net amount of approximately $29.1 […]

  • 16 October 2007

    Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter party between the companies for the single hull VLCC Front Duchess and Ship Finance has simultaneously sold the vessel.

  • 2 October 2007

    Frontline Ltd. has on Tuesday October 2, 2007 sold 34,976,500 shares in Dockwise Ltd., representing 16.55 per cent of the shares and votes of Dockwise. After the sale, Frontline owns no shares in Dockwise.