Frontline Ltd.

Last price update: 18 Jun 24 23:00 GMT

Previous close:
Day's range:
$24.32 - $24.69
Year's range:
$13.35 - $29.39
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Company profile for Frontline Ltd.

Frontline Ltd. logo

Frontline Ltd. is a shipping company that is widely considered to be one of the world’s leading seaborne transporters of crude oil and oil products. Founded in 1985 and based in Hamilton, Bermuda, the company is known to operate a fleet of 70 vessels, allowing them to provide swift, reliable service to their customers. In addition to their main activities of transportation and shipping, Frontline Ltd. is also known to provide charter, purchase, and sale services for vessels of all sizes.

Remaining at the forefront of the industry, Frontline Ltd. continues to grow and adapt to the changing needs of the market. In recent years, they have diversified their operations to include the leasing and operation of floating storage and offloading (FSO) vessels and the provision of offshore support services. They have also moved beyond their core activities of crude oil and oil product transportation to offer services for diverse industries, including the transportation of bulk liquids, chemicals, and liquefied natural gas (LNG).

The company is also attuned to the modern challenges facing the transport industry, such as environmental protection, safety standards, and value optimization. To that end, they have implemented an advanced operative system that enables them to optimize their activities while continuing to adhere to the highest environmental and safety standards. Additionally, they are actively engaged in initiatives that support the development of innovative solutions and technologies in the shipping industry, while promoting sustainable practices.

Their commitment to sustainability was reinforced in 2020 when they signed an agreement with the Ocean Conservancy that focused on ocean protection and clean shipping. As part of the agreement, they agreed to participate in the Ocean Conservancy’s Trash Free Seas Alliance. They have also implemented the UN Sustainable Development Goals Pledge, which focuses on social responsibility and ecological awareness.

In addition to their dedication to sustainability and ocean protection, Frontline Ltd. is also mindful of their social responsibilities. They have been active in sponsoring charitable causes, taking part in community-based activities, and providing financial support to local organizations. They have worked with a variety of organizations, including the International Maritime Organization (IMO) and the World Maritime University (WMU), in order to further promote education and sustainability in the shipping industry. In recognition of their efforts, Frontline Ltd. has been awarded with multiple awards, such as the IMO Award for Excellence in Maritime Safety and the WMU Award for Outstanding Achievement in Maritime Education.

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