FRO News and Press, Frontline Ltd. From 05/22/22

SFL Corporation's results show signs that the shipping industry is recovering from the effects of the pandemic. The company managed to secure a new contract for several of its container ships which significantly increases contract backlog and revenue visibility. The company sold a...

NAT is bullish on spot tanker rates because of Russia's involvement in armed conflict with Ukraine, and most of its tankers are in the spot market. However, Suezmax tanker rates have dropped since their spike. Oil demand fundamentals have softened and high oil prices are dampening...

Euronav (NYSE:EURN) said Thursday that its shareholders at the annual general meeting voted to reject a proposal from its largest individual investor to nominate three supervisory board members. Compagnie Maritime Belge had proposed appointing three non-independent directors for election to t...

Frontline Ltd.’s preliminary first quarter 2022 results will be released on Tuesday May 24 2022, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section ...

National CineMedia (NCMI) +19% as AMC discloses 6.8% stake. Magnachip Semiconductor (MX) +14% after report LX Group and Carlyle submitted bid. DLocal (DLO) +12% on Q1 results. Kaival Brands Innovations (KAVL) +8%. Worksport (WKSP) +7%. Frontline (FRO) +6%. Indone...

Oil and gas equities plunged Monday, with the S&P energy sector (NYSEARCA:XLE) tumbling to the bottom of the day's standings, as crude oil futures fall ~5% from pressure on multiple fronts. June WTI crude (CL1:COM) -5.1% to $104.20/bbl, and July Brent crude (CO1:COM) -4.7% to 107.04/bbl. ...

Prominent shipping analyst downgraded EURN from Buy to Hold. Quarterly earnings estimated to be a loss on May 12th, their fifth quarterly loss in a row. VLCC spot tanker rates mired in negative territory. High oil prices will hurt demand, and IEA's strategic oil reserve drawdo...

Euronav (NYSE:EURN) +2.2% on Wednesday even after Jefferies downgraded shares to Hold from Buy with a $12 price target, cut from $13, as tanker and shipping stocks are rallying on reports that Russia will halt gas flows to Poland and Bulgaria, as tankers will be needed to ship incremental gas...

Gainers: Borr Drilling (BORR) +13%. Frontline (FRO) +12%. Ardmore Shipping (ASC) +11%. Euronav (EURN) +10%. Berry (BRY) +9%. Losers: Advent Technologies Holdings (ADN) -11%. Lithium Americas (LAC) -10%. Arcadia Biosciences (RKDA) -10%. American Resources (AREC) -6%. Nine Energy Serv...

Shares of ocean-going oil tanker company Frontline (NYSE: FRO) surged ahead Friday, up 12.3% as of 12:55 p.m. ET, after it announced this morning that it plans to merge with Belgian rival Euronav NV (NYSE: EURN) in a $4.2 billion transaction. Although this really loo...