| Business Summary | | Frontline
Ltd.
is
a
shipping
company
engaged
primarily
in
the
ownership
and
operation
of
oil
tankers.
Frontline
is
engaged
primarily
in
the
ownership
and
operation
of
oil
tankers,
including
oil/bulk/ore
(OBO)
carriers.
The
Company
operates
tankers
of
two
sizes:
very
large
crude
carriers
(VLCCs)
which
are
between
200,000
and
320,000
deadweight
tons
(dwt),
and
Suezmaxes,
which
are
vessels
between
120,000
and
170,000
dwt.
In
addition,
through
a
corporate
acquisition
completed
in
October
2000,
the
Company
owns
a
fleet
of
dry
bulk
carriers
that
includes
Capesize,
Panamax
and
Handymax
size
bulkers.
The
Company
operates
through
subsidiaries
and
partnerships
located
in
Bermuda,
Liberia,
Norway,
Panama,
Singapore
and
Sweden.
The
Company
is
also
involved
in
the
charter,
purchase
and
sale
of
vessels. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Frontline
Ltd.
is
a
holding
company
for
investments
in
a
number
of
subsidiaries
engaged
primarily
in
the
ownership
and
operation
of
oil
tankers
and
oil/bulk/ore
carriers.
FRO
is
also
involved
in
the
charter
and
purchase
of
vessels.
For
the
six
months
ended
6/30/01,
revenues
rose
from
$178.1
million
to
$417.3
million.
Net
income
rose
from
$35.7
million
to
$265.5
million.
Revenues
reflect
a
strong
tanker
market.
Earnings
also
benefitted
from
foreign
currency
exchange
gains. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | John Fredriksen, 56 | Chairman,
Pres and CEO | Ola Lorentzon, 50 | Managing
Director of Frontline Management | Tor Olav Troim, 37 | VP | Kate Blankenship, 35 | CAO
and Sec. | Tom Jebsen, 42 | CFO
of Frontline Management |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|