FRO News and Press, Frontline Ltd. From 11/17/20

Operating revenues were $116.77 million compared to $111.53 million the same quarter a year ago and down 2.3% sequentially. Of course, the major news was the cut in the quarterly dividend to $0.15 per share this quarter due to the ongoing Seadrill restructuring. I recommend this s...

Euronav returned 80% of profit to shareholders through 1/2 buyback and 1/2 dividends. The firm is very cautious about the near future for VLCC rates. The company managed to partake in a pilot green bond financing. Shares are very cheap whether you look at price-to-book ratio o...

Today Delfin Midstream (“Delfin”) announced that Oscar Spieler has decided to join as Executive Chairman of the Board. Mr. Spieler has had a renowned executive career in the LNG, shipping, offshore energy, and green energy industries, including as CEO at Golar LNG (NASDAQ:...

The oil shipping company, Frontline has rewarded shareholders with massive dividends during 2020 and technically has a yield of around 30%. Apart from the obvious fact that these dividends will be reduced in the future, they are not a suitable income investment when looking at their f...

Tanker market equities have been in a "perpetual penalty box" awaiting a return to profitability, Evercore ISI says, observing months of softness that are finally bringing expectations in line with market reality. It's lowering targets to bring them in line. That softness is set to continue w...

Frontline (FRO) announces that Robert Hvide Macleod, CEO of Frontline Management AS, has decided to step down from his position. Mr. Macleod will be available for the company till April 30th, 2021.The Board has appointed Lars H. Barstad, Commercial Director, to take the role as Interim C...

FRO – Transition of Chief Executive Officer Frontline Ltd. (the "Company" or "Frontline") (NYSE: FRO) today announced that Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS, has decided to step down from his position. The Board has appointed Lars H...

This review will function as a post-mortem of the popular spring 2020 'tanker trade' or 'floating storage trade.' We review performance as well as dissect which types of firms outperformed. In market theory, dividends are simply an allocation of capital and shouldn't determine multipl...

Mintzmyer tells me how he got started in investing and why he gravitated toward shipping. He discusses the outlook for the industry on a multi-year timeframe and also gets into the current opportunities. He talks about three different types of shipping companies that are somewhat ...

Tanker orderbook is at a 23-year low. In normal times, this would be supportive for future tanker rates. But the pandemic has changed the short- and long-term outlook for oil consumption and therefore tankers. In 2 of 3 scenarios by BP, it expects that oil demand has already p...