Search results for: Frontline

321 results

A list of search results

  • 1 October 2014
    Business & Finance

    Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd., pooling together their respective VLCC fleets in an effort to enhance flexibility and provide cargo owners with more options. The companies also hope that the new joint venture will enable them to to reduce voyage related expenses and thereby […]

  • 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.

  • 4 June 2012
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 20-year old combination carrier Front Rider to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd. (“Frontline”). Delivery to the new owner is expected to be in July 2012 and Ship […]

  • 27 August 2015
    Business & Finance

    The strength of the tanker market which has enjoyed pretty high rates may be threatened by the inflow of the new tonnage scheduled for delivery in the following two years. “Given the positive outlook of the tanker market we expect very little scrapping and the orderbook is a concern. As the delivery schedule shows a significant number of ships […]

  • 20 June 2019
    Business & Finance

    Company acquired a scrubber-fitted VLCC resale from HSHI and ordered two LR2 newbuildings in China.

  • 7 February 2013

    Guangzhou Shipyard International, a daughter company of China State Shipbuilding Corporation, has secured a contract to build two more product tankers for Frontline, Sino Ship News reports. The 115,000 dwt vessels are scheduled for delivery in late 2014 and 2015, and it is estimated that each of these vessels will cost $42m. Reportedly, this order […]

  • 10 September 2013

    Frontline 2012 Ltd. announced that the Company has taken delivery of the first of six fuel efficient MR tanker newbuildings ordered from STX Offshore & Shipbuilding Co. Ltd. in Korea, named Front Arrow. Front Arrow is the first vessel delivered out of 60 currently on order by Frontline 2012 with the last units being delivered […]

  • 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 […]

  • 26 July 2018
    Business & Finance

    Frontline hires Morgan Stanley to sell up to USD 100 million of its common shares.

  • 2 June 2016
    Business & Finance

    Tanker owner Euronav NV has established a joint venture with Diamond S Management LLC and Frontline Ltd focusing on chartering of Suezmax vessels. The join venture will be named Suezmax Chartering and will have a large fleet of 43 Suezmaxes, including newbuildings, operated on the spot market. “A larger fleet will provide more flexibility and […]

  • 25 April 2013

    Golar LNG announced today that Kathrine Fredriksen resigned her position as Director of Golar and Mrs. Georgina Sousa, has been appointed to the Board of Directors of Golar to fill a vacancy. Mrs. Sousa has served as Secretary of Golar and its subsidiaries since November 30, 2005. She is also Head of Corporate Administration for […]

  • 29 November 2012

      After Ultrabulk and Golden Ocean Group called off their orders, Jinhai Heavy Industry could face more cancelations. John Fredriksen’s newly established company, Frontline 2012 Ltd, created after splitting of Frontline Ltd, may pull out from a deal on construction of five Very Large Crude Carriers (VLCCs) ordered in 2008 with delivery from 2010 until […]

  • 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.

  • 20 March 2007

    As previously reported in July 2006, Frontline Ltd. (‘Frontline’ or the ‘Company’) has been granted 2 + 2 options for 156,000 dwt Suezmax newbuilding contracts at Jiangsu Rongsheng Heavy Industries Group Co. Ltd. in China. The Company has now exercised two of these options. The vessels will be delivered in April and June 2010.

  • 2 March 2016
    Business & Finance

    John Fredriksen-controlled oil tanker shipping company Frontline Ltd. said that there are still some remaining issues related to insurance and payments for cargoes sent from Iran, which could be resolved in two or three months. “We have not lifted anything yet,” Robert Hvide Macleod, Director and CEO of Frontline Management AS, said during a conference call, adding that “two to three months […]

  • 17 September 2010

    Frontline which has placed its large VLCC newbuilding program at the Chinese shipyard Zhoushan Jinhaiwan has renegotiated the size of the series. At first Frontline ordered six VLCC newbuildings at Jinhaiwan but is now committed to take delivery of of five 320,000 DWT VLCC newbuildings, with a total contract price of USD 525 million.

  • 13 December 2006

    Frontline Ltd. (“Frontline” or the “Company”) has declared an option with COSCO Shipyard, China to convert Front Target to a heavylift vessel. The conversion will begin in May 2007, and completion is expected in August 2007. By fitting a new mid-ship section and upgrading all major components of the vessel, we foresee that the vessel […]

  • 10 June 2016
    Business & Finance

    John Fredriksen’s oil tanker giant Frontline Ltd. revealed today that it has acquired two VLCC newbuildings under construction at Hyundai Heavy Industries at a purchase price of USD 84 million each. The vessels are due for delivery in September and November 2016. The company has also secured options for two additional sister vessels with delivery in January […]

  • 2 November 2011

    Frontline Ltd., the oil tanker operator led by Norway-born billionaire John Fredriksen, said it’s looking to sell three more 1990s-built shi… (Bloomberg) [mappress] Source: Bloomberg, November 2, 2011

  • 20 October 2011
    Business & Finance

      Frontline Ltd. has entered into an agreement to sell its 1994-built Suezmax tanker Front Fighter. Delivery to the new owner is expected to take place in October 2011. The sale will result in a net cash outflow of approximately $3.0 million, after repayment of bank debt, and the Company expects to record a loss […]

  • 16 October 2012
    Business & Finance

      Ship Finance International Limited, today announced that it has agreed to sell the 21-year old combination carrier Front Driver to an unrelated third party and has simultaneously agreed to terminate the corresponding charter party with a subsidiary of Frontline Ltd. Delivery to the new owner is expected to be in the fourth quarter of […]

  • 7 February 2013
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 1993-built Suezmax Front Pride and the 1991-built OBO Front Guider to unrelated third parties. The Company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. (Frontline). Front Pride is expected to be delivered to the new […]