Frontline plc operates as an international oil and product tanker shipping company, owning and operating a fleet engaged in the seaborne transportation of crude oil and refined petroleum products. The company's fleet comprises three principal vessel classes: very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2024, Frontline's operational fleet consisted of 81 vessels, distributed across 41 VLCCs, 22 Suezmax units, and 18 LR2/Aframax tankers. The company generates revenue primarily through vessel charter arrangements, whereby it contracts its ships to oil majors and trading entities for cargo transportation services.
The company also engages in secondary business activities encompassing the purchase and sale of vessels, which provides additional revenue streams and supports fleet optimization. Frontline operates globally, with vessels transporting cargo across major shipping routes worldwide. The company maintains a lean operational structure with 85 full-time employees, reflecting the capital-intensive and asset-focused nature of the tanker shipping business, where vessel operations are frequently managed through specialized crew arrangements and third-party logistics providers. Frontline was established in 1985 and maintains its corporate headquarters in Limassol, Cyprus, where it is registered as a public company.
No 10-K filings found.