AVACF - Tanker Powerhouse: Frontline With Major Acquisition
Image Credit: GCaptain, original courtesy of Frontline
Frontline Overview
Frontline (FRO) is a shipping company focused on the crude oil and product tanker segments, with primarily modern VLCC, Suezmax, and LR2 vessels. FRO is controlled by John Fredriksen, one of the world's most popular and historically successful shipping magnates. They have also been a leader in scrubber investments and installations, positioning themselves wisely for the pending IMO 2020 regulations.
FRO is well managed and has famous roots, therefore they have tended to trade at steep premium valuations to peers despite being in