Frontline Ltd. (NYSE: FRO (http://www.nyse.com/about/listed/lcddata.html?ticker=FRO)) was founded as Frontline AB in 1985, and listed on the Stockholm Stock Exchange. In 1997 the company moved from Sweden to Bermuda, and listed its stock on the Oslo Stock Exchange in Norway. After a merger in 1998, the company has also been listed on the London Stock Exchange and on NASDAQ.
Today
As of 2004, Frontline is the world's largest tanker company. The company's fleet consists of 66 tankers, totaling 16.4 million dead weight tons. The company's largest shareholder is Hemen Holding Ltd., a company indirectly controlled by the chairman of Frontline, billionaireJohn Fredriksen, Norway's highest net worth person.
Frontline has its origin in Frontline AB, which was founded in 1985, and which was listed on the Stockholm Stock Exchange from 1989 to 1997.
Frontline has also entered into co-operation agreement with one shipowning company for the purpose of co-ordinating the marketing of the companies' tanker fleets.
Frontline is committed to providing quality transportation services to all its customers and to developing and maintaining long-term relationships with the major charterers of tankers.
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