Frontline Ltd.
 (FRO)

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  • Jun. 17, 2013, 9:11 AM
    Premarket gainers: OSH +47%. FRO +21%. KNDI +16%. LDK +8%. MNKD +5%. AMD +5%. DVAX +5%. NFLX +5%.
    Losers: FOLD -29%. TEX -14%. MDVN -7%.
    | Jun. 17, 2013, 9:11 AM
  • Jun. 7, 2013, 9:11 AM
    Premarket gainers: ROSG +16%. JKS +15%. IMUC +10%. NLST +8%. CBK +8%. GFA +7%. SNTA +7%. ELN +5%.
    Losers: FSGI -42%. TIVO -18%. IRM -15%. JRCC -14%. LAMR -9%. CPRT -8%. FRO -7%. EQIX -8%. OIS -8%.
    | Jun. 7, 2013, 9:11 AM
  • Jun. 5, 2013, 5:15 PM

    Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming.

    | Jun. 5, 2013, 5:15 PM | 2 Comments
  • May 30, 2013, 12:34 PM
    Frontline (FRO -6%) trades lower after releasing Q1 earnings and issuing a weak outlook for Q2. The company was blunt in its own assessment of the tanker market, saying it's "massively oversupplied" and that it may take some time before a reasonable market balance is restored.
    | May 30, 2013, 12:34 PM
  • May 30, 2013, 8:20 AM

    More on Frontline's (FRO) Q1 results: Expects weaker Q2 results than Q1 based on rates achieved so far and increased dry docking costs. Says it may lack cash to repay a $225M bond due in April 2015. Says the tanker market is "massively oversupplied" and "may take some time before a reasonable market balance is restored and sustained recovery of the tanker market occurs." FRO -5.5% premarket.

    | May 30, 2013, 8:20 AM
  • May 30, 2013, 8:13 AM
    Frontline (FRO): Q1 EPS of -$0.24 beats by $0.19. Says Q1 time charter rate for VLCCs was $17K/day vs. breakeven of ~$25.5K, while Q1 rate for Suezmax tankers was $14.5K/day vs. breakeven of $18.5K. Shares -4.6% premarket. (PR)
    | May 30, 2013, 8:13 AM
  • May 30, 2013, 12:05 AM

    Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, GLNG, JOY, YGE

    | May 30, 2013, 12:05 AM | 2 Comments
  • May 29, 2013, 5:30 PM

    Notable earnings before Thursday’s open: BIG, COST, EXPR, FRO, JOY, YGE

    | May 29, 2013, 5:30 PM
  • May 13, 2013, 12:16 PM

    Oil tanker trade is growing at its fastest pace in 10 years as the U.S. production boom is forcing exporters, who used to ship oil to U.S. markets, to find new customers on different trade routes, FT reports. A 10% jump in the number of oil-ton miles comes even as the volume of oil traded has flatlined, good news for tanker companies such as Frontline (FRO +8.6%) and Overseas Shipholding (OSGIQ.PK +3.3%).

    | May 13, 2013, 12:16 PM | 1 Comment
  • Apr. 25, 2013, 7:02 PM

    The U.S. oil boom is bad news for the business of hauling crude oil across the oceans, and isn't likely to pick up any time soon. It means a poor outlook at best for the stocks in the sector, Jefferies says, which projects Frontline (FRO) will lose $2.33/share this year in earnings and $2.09 next; North American Tankers (NAT) also is expected to lose money this year and next.

    | Apr. 25, 2013, 7:02 PM | 3 Comments
  • Apr. 2, 2013, 4:52 PM
    Oil tanker operator Frontline (FRO) says it is rejecting some cargoes with the market in a "state of panic" as excess ship supply continues to drive down charter rates. Earnings for VLCCs, the industry’s biggest ships, have plunged 75% Y/Y to $11,624/day, according to ship broker Clarkson; VLCCs are losing $3,012/day on the benchmark Saudi Arabia-to-Japan voyage.
    | Apr. 2, 2013, 4:52 PM | 1 Comment
  • Mar. 19, 2013, 10:47 AM

    Oil companies are increasing tanker bookings to haul Persian Gulf crude to the U.S. at the fastest pace since September, spurring a threefold surge in shipping rates by the end of April for Frontline (FRO) and other owners. Charters doubled to 26M barrels in the latest four-week period, and daily revenue for VLCCs will reach as high as $30K within six weeks, from $12.8K now, Morgan Stanley estimates.

    | Mar. 19, 2013, 10:47 AM
  • Feb. 25, 2013, 12:53 PM
    Midday top 10 gainers: ENMD +26%. OBCI +25%. GALT +19%. APPY +15%. NTWK +12%. BKS +12%. ZNGA +11%. HXM +10%. MGN +10%. CMGE +9%.
    Midday top 10 losers: AFFY -86%. CEDC -55%. DVAX -33%. GGS -31%. GMXR -24%. TROV -17%. EMITF -16%. ESI -14%. FRO -14%. XRSC -13%.
    | Feb. 25, 2013, 12:53 PM
  • Feb. 25, 2013, 10:40 AM
    Frontline (FRO -14.9%) falls hard again after a Friday warning that the company may have to restructure in order to pay off debt that will be due in the next couple of years continues to resonate. Wells Fargo says the bearish outlook "stands out" in the sector.
    | Feb. 25, 2013, 10:40 AM
  • Feb. 22, 2013, 12:53 PM
    Midday top 10 gainers: WBMD +25%. EDAP +24%. PSDV +24%. ARUN +22%. BLOX +17%. SSTK +16%. FIRE +15%. B +15%. AVG +12%. RKUS +12%.
    Midday top 10 losers: ETRM -20%. MMSI -19%. WIFI -18%. FRO -14%. NVGN -12%. CBMX -12%. VOLC -11%. GMXR -16%. RCKY -11%. REED -11%.
    | Feb. 22, 2013, 12:53 PM
  • Feb. 22, 2013, 12:09 PM
    A lack of demand for container shipping often serves as a bellwether for international trade, so bleak forecasts (I, II, III) from Maersk (AMKAF.PK), Frontline (FRO -13.8%) and Teekay Tankers (TNK -2.8%) do not bode well for a global economic recovery this year. For the shippers, demand rising at about half the rate that new vessels are adding to capacity means a rough year ahead.
    | Feb. 22, 2013, 12:09 PM | 3 Comments
Company Description
Frontline Ltd is an international shipping company. The Company operates in the tanker market as an international provider of seaborne transportation of crude oil.
Sector: Services
Industry: Shipping
Country: United States