FRO News and Press, Frontline Ltd. From 10/10/19

Happening Now: Shipping Rates Are Surging - Stocks Are Responding But Still Lagging The Market. There Is Deep Value In Shipping! Overview The story since the Great Recession has been one of oversupply and historically bad rates for virtually all shipping segments at one time or another...

Frontline Ltd. (“Frontline”) (NYSE: FRO ) is a world leader in the international seaborne transportation of crude oil. On August 23, 2019, the company announced that it had agreed to acquire ten Korean 2019-built Suezmax tankers from Trafigura. To gain earlier exposure to shippin...

Reference is made to the announcement by Frontline Ltd. (“Frontline” or the “Company”) of the Company’s entry into an Equity Distribution Agreement on July 24, 2018. Frontline has issued 4,278,289 ordinary shares pursuant to the Equity Distribution Agre...

Tanker and shipping stocks are on the move after Suezmax rates jumped 60% last Friday and soared 400% in a month and the Clarkson Platou international shipbroking firm reported the largest week-on-week increase in the history of its freight index. More news on: Nordic American Tankers Li...

Company Overview International Seaways ( INSW ) is a crude and product tanker shipping company, which was formed in late-2016 as a spinoff from Overseas Shipholding Group ( OSG ). They have a fleet of 40 vessels along with ownership interests in two joint-ventures- one focused on FSOs wit...

Pfenex (NYSEMKT: PFNX ) +13%  as FDA OKs Pfenex Forteo biosimilar. More news on: Pfenex Inc., Mereo BioPharma Group plc, Livongo Health, Inc., Stocks on the move, Read more ...

At the end of last week, investors began bidding up oil tanker stocks , highlighted by a big jump in Teekay Tankers (NYSE: TNK) , Nordic American Tankers (NYSE: NAT) , Frontline (NYSE: FRO) , and Scorpio Tankers (NYSE: STNG) on Friday. But the move seems a little odd, given that oi...

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Freight rates to ship U.S. crude to Asia continue to surge, with costs to charter a supertanker rising to a record $12M yesterday, Reuters reports. More news on: Nordic American Tankers Limited, Frontline Ltd., DHT Holdings, Inc., Energy stocks news, Stocks on the move, Read more ......