{ "schemaVersion": 1, "organisationId": "O-9e4746acfb2c424e81171548a818e5b4", "slug": "frontline", "name": "FRONTLINE", "updatedAt": "2026-10-02T13:02:44.370889Z", "sections": [ { "type": "OVERVIEW", "text": "Frontline plc is an international tanker company that owns and operates vessels transporting crude oil and refined petroleum products. Its fleet includes very large crude carriers (VLCCs), Suezmax tankers and LR2/Aframax vessels, deployed in spot and time-charter markets. [P152880681] Its trading routes span major oil-producing and refining regions, including the Middle East Gulf, Far East, Northern Europe, the Caribbean, the U.S. Gulf and Southeast Asia. [P152880681]\n\nAt December 31, 2025, Frontline reported a fleet of 80 vessels: 41 VLCCs, 21 Suezmaxes and 18 LR2/Aframax tankers. [P152880851] Revenue for the year ended December 31, 2025 was approximately $1.97 billion. [T17600675] The company’s operating model uses third-party providers for services including ship management, crewing, accounting and management. [P152880702] Frontline describes its purpose as providing quality transportation services and maintaining long-term relationships with tanker charterers. [P152880682]\n[P152880681][P152880851][T17600675][P152880702][P152880682]", "updatedAt": "2026-10-02T13:02:44.370889Z" }, { "type": "PRODUCTS", "text": "Frontline plc provides seaborne transportation of crude oil and refined petroleum products using three main tanker classes. Its VLCCs (200,000–320,000 dwt) carry crude oil on long-haul routes; Suezmax vessels (120,000–170,000 dwt) trade worldwide, particularly in the Atlantic Basin, the Middle East and Southeast Asia; and its 110,000–115,000 dwt LR2/Aframax vessels carry refined products, fuel and crude, including on routes serving draft-restricted ports. LR2s are used as clean-product tankers. [P92250628][P99752161]\n\nThe company offers vessel capacity in the spot market and on time charters, and uses cross-trading routes to limit ballast time. Frontline defines ECO vessels as designed or retrofitted to improve fuel consumption through hull or engine design, de-rating, propulsion-improvement devices or equipment upgrades; ECO vessels meet EEXI certification requirements. [P152880688][P92250628] At December 31, 2025, 77 of 80 vessels were spot-employed and three were on time charter; this is fleet employment mix, not revenue mix. [T17600648] A Q1 2026 presentation reported 72 vessels in service—33 VLCCs, 21 Suezmaxes and 18 LR2s—and nine VLCC newbuildings. [P123301038]\n[P92250628][P99752161][P152880688][T17600648][P123301038]", "updatedAt": "2026-10-02T13:02:44.370889Z" }, { "type": "GEOGRAPHY", "text": "Frontline plc’s tanker operations span major international crude and refined-product trade routes. VLCC voyages commonly link the Middle East Gulf with the Far East, Northern Europe, the Caribbean and Louisiana Offshore Oil Port; Suezmax vessels trade mainly in the Atlantic Basin, the Middle East and Southeast Asia; and LR2/Aframax routes connect major refining centers including the Gulf of Mexico, the Middle East, Rotterdam and Singapore. [P152880681] The company also describes cross-trading between the Middle East Gulf, Northern Europe, the U.S. Gulf of Mexico, the Caribbean, West Africa, the Far East and the Indian Ocean. [P152880688]\n\nFrontline identifies crude-supply regions relevant to its operations that include the Arabian Gulf, West Africa, the North Sea, the Caribbean, Russia and the United States. [P152880409] It reports as a single tanker segment rather than by geographic region, and the reviewed filing does not provide country- or region-level revenue percentages. [P152880684]\n\nThe company’s principal executive office is in Limassol, Cyprus. [P152881397] Its website lists offices in Bermuda, Glasgow, London, Oslo, Singapore and Limassol. [https://www.frontlineplc.cy/contact/] Frontline says vessel crews include Ukrainian, Romanian, Indian, Filipino, Latvian and Georgian nationals; the cited disclosure does not give an employee headcount or distribution by work location. [P152880702]\n[P152880681][P152880688][P152880409][P152880684][P152881397][https://www.frontlineplc.cy/contact/][P152880702][https://www.frontlineplc.cy/contact/]", "updatedAt": "2026-10-02T13:02:44.370889Z" }, { "type": "SEGMENTS", "text": "For the year ended December 31, 2025, Frontline reported one operating segment, “tankers,” covering its crude-oil and product-tanker activities. It is the sole reportable segment and therefore represents 100% of reported segment revenue; Frontline does not disclose separate reportable-segment revenue for crude-oil versus product tankers. [P96957780]\n\nWithin the tanker business, VLCCs primarily transport crude oil from the Middle East Gulf to destinations including the Far East, Northern Europe, the Caribbean and Louisiana Offshore Oil Port. Suezmaxes trade worldwide, mainly in the Atlantic Basin, Middle East and Southeast Asia. LR2/Aframax vessels primarily carry refined petroleum products, and can also transport fuel and crude. [P99752161]\n\nAs an approximate fleet-size proxy—not a revenue breakdown—the year-end fleet comprised 41 VLCCs, 21 Suezmaxes and 18 LR2/Aframax vessels, or approximately 51%, 26% and 23% of the 80-vessel fleet, respectively. [T13047696]\n[P96957780][P99752161][T13047696]", "updatedAt": "2026-10-02T13:02:44.370889Z" }, { "type": "HISTORY", "text": "Frontline traces its origins to Frontline AB, founded in 1985. The company was listed in Stockholm from 1989, redomiciled to Bermuda and listed in Oslo in 1997, and merged with London & Overseas Freighters in 1998; the surviving company was renamed Frontline Ltd. [https://www.frontlineplc.cy/history/]\n\nFrontline’s growth included tanker acquisitions and newbuilding purchases, and its shares began trading on the New York Stock Exchange in 2001. In 2004, it spun off its dry-bulk subsidiary Golden Ocean to shareholders. In 2012, Frontline formed Frontline 2012 as part of a restructuring, transferring vessels and newbuilding contracts to the new company; the two companies recombined in a merger completed in November 2015. [https://www.frontlineplc.cy/history/][https://www.frontlineplc.cy/demerger-of-golden-ocean-group-limited-2/][https://www.frontlineplc.cy/fro-frontline-ltd-successfully-completes-restructuring/][P152879789]\n\nIn October 2023, Frontline agreed to acquire 24 modern VLCCs from Euronav for $2.35 billion. The vessels were delivered in stages, with the remaining 13 delivered in the first quarter of 2024, completing the acquisition. [https://www.frontlineplc.cy/fro-fully-funded-acquisition-of-24-modern-vlccs-from-euronav-nv/][https://www.frontlineplc.cy/fro-first-quarter-2024-results/]\n[https://www.frontlineplc.cy/history/][https://www.frontlineplc.cy/demerger-of-golden-ocean-group-limited-2/][https://www.frontlineplc.cy/fro-frontline-ltd-successfully-completes-restructuring/][P152879789][https://www.frontlineplc.cy/fro-fully-funded-acquisition-of-24-modern-vlccs-from-euronav-nv/][https://www.frontlineplc.cy/fro-first-quarter-2024-results/][https://www.frontlineplc.cy/history/][https://www.frontlineplc.cy/demerger-of-golden-ocean-group-limited-2/][https://www.frontlineplc.cy/fro-frontline-ltd-successfully-completes-restructuring/][https://www.frontlineplc.cy/fro-fully-funded-acquisition-of-24-modern-vlccs-from-euronav-nv/][https://www.frontlineplc.cy/fro-first-quarter-2024-results/]", "updatedAt": "2026-10-02T13:02:44.370889Z" } ], "sources": [ { "id": "P152880681", "href": "https://app.finbar.com/go?id=P152880681", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P152880851", "href": "https://app.finbar.com/go?id=P152880851", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "T17600675", "href": "https://app.finbar.com/go?id=T17600675", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P152880702", "href": "https://app.finbar.com/go?id=P152880702", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P152880682", "href": "https://app.finbar.com/go?id=P152880682", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P92250628", "href": "https://app.finbar.com/go?id=P92250628", "label": "FRONTLINE — Full financial report (2025 Y), p2", "documentId": "D-dca2f8ee33784cc1b201b0fe7479c92c", "page": 2 }, { "id": "P99752161", "href": "https://app.finbar.com/go?id=P99752161", "label": "FRONTLINE — Full financial report (2025 Y), p21", "documentId": "D-dca2f8ee33784cc1b201b0fe7479c92c", "page": 21 }, { "id": "P152880688", "href": "https://app.finbar.com/go?id=P152880688", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "T17600648", "href": "https://app.finbar.com/go?id=T17600648", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P123301038", "href": "https://app.finbar.com/go?id=P123301038", "label": "FRONTLINE — Presentation (2026 Q 1), p6", "documentId": "D-22c2b50d096440b0ac2a37dc0ed8018a", "page": 6 }, { "id": "P152880409", "href": "https://app.finbar.com/go?id=P152880409", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P152880684", "href": "https://app.finbar.com/go?id=P152880684", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "P152881397", "href": "https://app.finbar.com/go?id=P152881397", "label": "FRONTLINE — Full financial report (2025 Y)", "documentId": "D-11ffd3b039e14122855c3dc112843226" }, { "id": "https://www.frontlineplc.cy/contact/", "href": "https://www.frontlineplc.cy/contact/", "label": "www.frontlineplc.cy" }, { "id": "P96957780", "href": "https://app.finbar.com/go?id=P96957780", "label": "FRONTLINE — Full financial report (2025 Y), p63", "documentId": "D-dca2f8ee33784cc1b201b0fe7479c92c", "page": 63 }, { "id": "T13047696", "href": "https://app.finbar.com/go?id=T13047696", "label": "FRONTLINE — Full financial report (2025 Y), p27", "documentId": "D-dca2f8ee33784cc1b201b0fe7479c92c", "page": 27 }, { "id": "https://www.frontlineplc.cy/history/", "href": "https://www.frontlineplc.cy/history/", "label": "www.frontlineplc.cy" }, { "id": "https://www.frontlineplc.cy/demerger-of-golden-ocean-group-limited-2/", "href": "https://www.frontlineplc.cy/demerger-of-golden-ocean-group-limited-2/", "label": "www.frontlineplc.cy" }, { "id": "https://www.frontlineplc.cy/fro-frontline-ltd-successfully-completes-restructuring/", "href": "https://www.frontlineplc.cy/fro-frontline-ltd-successfully-completes-restructuring/", "label": "www.frontlineplc.cy" }, { "id": "P152879789", "href": "https://app.finbar.com/go?id=P152879789", "label": "FRONTLINE — Full financial report (2021 Y)", "documentId": "D-8de86c00e26442c3be8b9f2f3a976f32" }, { "id": "https://www.frontlineplc.cy/fro-fully-funded-acquisition-of-24-modern-vlccs-from-euronav-nv/", "href": "https://www.frontlineplc.cy/fro-fully-funded-acquisition-of-24-modern-vlccs-from-euronav-nv/", "label": "www.frontlineplc.cy" }, { "id": "https://www.frontlineplc.cy/fro-first-quarter-2024-results/", "href": "https://www.frontlineplc.cy/fro-first-quarter-2024-results/", "label": "www.frontlineplc.cy" } ] }