Frontline Ltd. (FRO) 🚢

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06/06-2019 17:16:38: (FRO) NOTIFICATION OF TRADE

Hemen Holding Limited (“Hemen”), a company indirectly controlled by trusts
established by Mr John Fredriksen for the benefit of his immediate family, has
on June 6, 2019 sold 3,000,000 shares in Frontline Ltd. (“Frontline”) at a price
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of NOK 68.50 per share, and subsequently entered into a Total Return Swap
(“TRS”) agreement with underlying exposure to 3,000,000 shares in Frontline.
Expiry date for the TRS agreement is September 6, 2019, and the TRS price is NOK
68.9104 per share. Following these transactions, Hemen’s financial exposure in
Frontline is unchanged. Hemen will have an affiliated ownership in Frontline of
79,145,703 shares, equal to 46.48 percent of the issued shares and votes in the
company, and hold TRS agreements with underlying exposure to 3,000,000 shares.
Hemen does not hold other shares or rights to shares in Frontline. This
disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading
Act.

http://www.netfonds.no/quotes/release.php?id=20190606.OBI.20190606S172

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14/06-2019 21:30:50: (FRO) FRO - Update Regarding Front Altair

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Frontline Ltd. (the “Company” or “Frontline”) (NYSE: FRO) today provides an update on the LR2 tanker Front Altair. On the morning of June 13, at approximately 0500 hrs gmt, an explosion occurred on the Front Altair shortly after the vessel had passed through the Strait of Hormuz in the Persian Gulf. 

Most importantly, the 23 crew members onboard the Front Altair are unharmed after being rescued by the cargo vessel Hyundai Dubai and subsequently carried by an Iranian naval vessel to the port city of Jask. We commend our highly-trained crew, the vessel master and ship managers, for following protocol and operating according to the highest standard during this distressing and very serious incident. Frontline is profoundly grateful to all parties who have contributed to ensuring the safety of our colleagues.

Frontline was able to deploy emergency responders in a timely manner, who extinguished fire on the vessel within hours of the incident and ensured no pollution resulted.  Contrary to media reports, the vessel remains afloat and is being attended to by a salvage vessel. The Company’s modern vessels are designed to withstand catastrophic events in order to ensure the safety of crew and cargo.  A rescue tug equipped with towing capability reached the Front Altair at noon on June 14 and two further support vessels will arrive on scene on June 15 with a specialist team to inspect the tanker and make recommendations.

The cause of the explosion remains unknown to the Company, although we have ruled out the possibility that it was caused by mechanical or human error. The incident will be thoroughly investigated by the Company along with third parties, including governmental officials, to determine the cause.

The Strait of Hormuz is one of the most densely trafficked sea routes in the world and serves as the passageway for greater than 25% of the world’s seaborne crude oil. As geopolitical tensions rise in the Persian Gulf, the Company is intensely focused on the safety of our colleagues in this region. Until further information is received regarding the cause of the explosion and the security of this important shipping lane is secured, Frontline will exercise extreme caution when considering new contracts in the region and the Company will consider all possible measures to insure the safety of our vessels currently operating in the area. The Company is consulting with regional security experts to ensure the safety of our crew, our vessels and our cargo.

June 14, 2019
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Frontline Ltd. via Globenewswire

http://quotes.hegnar.no/release.php?id=20190614.GlobeNewswire.HUG2246111

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18/06-2019 22:14:57: (FRO) FRO - Update Regarding Front Altair

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Frontline Ltd. (the “Company” or “Frontline”) (NYSE: FRO) today provides a further update on the LR2 tanker Front Altair.  As previously reported, on June 13, an explosion occurred on the Front Altair shortly after the vessel had passed through the Strait of Hormuz in the Persian Gulf.  

Frontline, is pleased to report that crew members of the Front Altair have now either returned home or have re-embarked the vessel to assist with recovery operations and ship to ship transfer of cargo into another Frontline operated vessel.  Frontline wishes to express its gratitude to all parties who ensured the crew’s safety and comfort during this difficult ordeal. The Company is extremely proud of the manner in which our highly-trained crew and vessel master followed protocol and operated according to the highest standards of the Merchant Marines to ensure their safety.

Fortunately, Frontline was able to deploy emergency responders in a timely manner, who extinguished fire on the vessel within hours of the incident and ensured no pollution resulted. The Front Altair is in stable condition and anchored off Fujairah in the United Arab Emirates. Following transfer of cargo, damage to the Front Altair will be further inspected and the vessel will ultimately be moved to a shipyard for repair.

The Company continues to work with third parties, including governmental officials, to determine the cause of the explosion.  As previously reported, the possibility that it was caused by mechanical or human error has been ruled out completely.  Until further information is received regarding the cause of the explosion and the security of this important shipping lane is secured, Frontline will exercise extreme caution when considering new contracts in the region and will consider all possible measures to insure the safety of our crews and vessels operating in the area.

June 18, 2019

The Board of Directors

Frontline Ltd.

Hamilton, Bermuda

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS

+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS

+47 23 11 40 76

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. Words, such as, but not limited to “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Frontline believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the control of Frontline, Frontline cannot assure you that they will achieve or accomplish these expectations, beliefs or projections. The information set forth herein speaks only as of the date hereof, and Frontline disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Frontline Ltd. via Globenewswire

http://quotes.hegnar.no/release.php?id=20190618.GlobeNewswire.HUG2246241

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19/06-2019 22:07:20: (FRO) FRO - Acquisition of VLCC Resale and Two LR2 Newbuildings

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Frontline Ltd. (the “Company” or “Frontline”) (NYSE:FRO) is pleased to announce that it has acquired a scrubber-equipped VLCC resale under construction at Hyundai Samho Heavy Industries (“HSHI”) expected  to be delivered in May 2020 and has ordered two LR2 newbuildings from SWS, China, expected to be delivered in January 2021 and March 2021. This is in addition to the Company’s recent acquisition of a scrubber-equipped Suezmax resale under construction at HHI due for delivery in May 2020.

Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS commented:

“These transactions reflect Frontline’s focus on increasing our exposure to the tanker market and are also part of a continuous effort to renew and modernize the Company’s fleet. The latter has provided us with one of the most modern fleets in the industry with an average age of less than 5 years. As new opportunities arise, we will continue to execute our growth strategy as we position the Company to generate significant cash flow over the long term.”

The VLCC has been acquired at a purchase price of $92.5 million, and the LR2s have been ordered at a price of $46.7 million per vessel.

June 19, 2019
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Frontline Ltd. via Globenewswire

http://quotes.hegnar.no/release.php?id=20190619.GlobeNewswire.HUG2246268

[Sjokk]

Ser ut som det er lite interesse her på forumet, men legger denne inn allikevel.
Aksjen var nede på lavt 60 tall, men er nå back in track. Ser ikke bort fra at den vil fortsette å svinge før den går videre.
Litt forundret over at 2 øre svingning i Funcom eller med. produserer flere 100 meldinger, mens aksjer som beveger seg 10 og 20 % er totalt oversett, bare en liten digresjon!

Ser høyere oppside i Frontline

[Sjokk]

Legger en lenke til Fish sin analyse

Traderhjørnet

Hode skulder formasjon i frontline som brøt ned, uten follow-through. Da se vi motsatt vei, og mulighetene for et bullflag. Kan se ut som at vi har fått bruddet over 70.55, så da er neste motstand ved 82.90. [bilde]

[fish1430]

Kan legge ved at det er muligheter for å sette en HL helt ned mot 65 uten at trenden brytes(om makro skulle skurre litt), men at vi på et par ukers sikt med stor sannsynlighet kommer til å jobbe opp mot target.

[VonGraven]

Noen som har innspill på kjøp av Frontline nå? Fundamentalt tror jeg det er et godt valg, men er det noen som sitter å venter på en teknisk inngang?

[aksjefokus]

Liker bedre Hunter eller Okeanis, fordi spriket i verdsettelse er altfor stort og bør tettes.

Frontline P/NAV: 1.3-1.4
Okeanis P/NAV: 0.76
Hunter P/NAV: 0,77

[fish1430]

Må oppdatere analysen min litt etter ny info. Vi brøt opp av horisontal linje og 50MA den 21.06, men fikk ikke noe follow through, dette er et faresignal. Vi ligger nå på undersiden av 50MA og trendlinja, så de første dagene av neste uke blir viktig. Kommer vi oss over igjen så er vi reddet kortsiktig, men bryter vi under 65kr så kan dette se ut som et bear-flag, i en ABCD korreksjon(se bilde). Jeg var bull, men jeg har i bakhodet at OSEBX også muligens former et bear flag(se analysen min i makro) noe som garantert vil slå negativt ut på FRO om dette iverksettes. Her er det bare å følge godt med til uka!

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Mandatory Notification of Trade

Robert Hvide Macleod, CEO of Frontline Management AS, has settled a TRS agreement (Total Return Swap) underlying 600,000 shares in Frontline Ltd. (“Frontline”) expiring September 5th 2019. Mr Macleod has subsequently entered into a new TRS agreement with exposure to 600,000 underlying shares in Frontline with expiry date December 6th 2019 and TRS price NOK 74.45 per underlying share. In addition, Mr Macleod holds options to acquire 798,000 shares in Frontline, as previously disclosed.
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Kilde

[sulzrox]

Du traff flott på den.
Ser du noe spennende nå i Frontline?

[TekBot]

NOTIFICATION OF TRADE

Hemen Holding Limited (“Hemen”), a company indirectly controlled by trusts established by Mr John Fredriksen for the benefit of his immediate family, has on September 6, 2019 settled a Total Return Swap (“TRS”) agreement with underlying exposure to 3,000,000 shares in Frontline Ltd. (“Frontline”), and subsequently entered into a new TRS agreement underlying the same number of shares 3,000,000. New expiry date for the TRS agreement is December 6, 2019, and new TRS price is NOK 78.0015 per share. Hemen’s affiliated ownership in Frontline is following this transaction unchanged 79,145,703 shares, equal to 41.84 percent of the issued shares and votes in the company, and holds TRS agreements with underlying exposure to 3,000,000 shares. Hemen does not hold other shares or rights to shares in Frontline. This disclosure is made pursuant to section 4-2 of the Norwegian Securities Trading Act.
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Kilde

[fish1430]

På 56 nivå var det logisk å kjøpe, men akkurat nå så ville jeg ha ventet og sett hvordan konsolideringen former seg, og om kursen holder seg i 73-80 rangen den har begynt å forme. Litt tidlig å si ennå, men det kan være et bulflag som formes, men tar fort en uke før før man ser det sikkert

[TekBot]

FRO - Extension of expiry date of first option for two Trafigura Suezmax tankers

Reference is made to the notice of 23 August 2019, whereby Frontline Ltd.
(“Frontline”) (NYSE and OSE: FRO) announced an agreement with Trafigura Maritime
Logistics (“TML”), a wholly-owned subsidiary of Trafigura Pte Ltd
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(“Trafigura”) and certain related entities, to acquire ten Suezmax tankers, with
two separate options to acquire two plus two additional Suezmax tankers.

The first option to acquire two Suezmax tankers expires on 12 September 2019.
Frontline and TML have agreed to extend the expiry date for the first option to
18 September 2019.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

September 12, 2019

The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Frontline Contact:
Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

Trafigura Contact:
Trafigura’s Global Press Office: +41 22 592 45 28 or [email protected]

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts. Words, such as, but not limited to “believe,” “anticipate,” “intends,”
“estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,”
“expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions.
Although Frontline believes that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and are beyond
the control of Frontline, Frontline cannot assure you that they will achieve or
accomplish these expectations, beliefs or projections. The information set forth
herein speaks only as of the date hereof, and Frontline disclaims any intention
or obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[TekBot]

FRO – 2019 Annual General Meeting

Frontline Ltd. (the “Company”) advises that the 2019 Annual General Meeting of
the Shareholders of the Company was held on September 13, 2019 at 10:00 a.m. at
the Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM CX,
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Bermuda. The audited consolidated financial statements for the Company for the
year ended December 31, 2018 were presented to the Meeting.

In addition, the following resolutions were passed:

1. To set the maximum number of Directors to be not more than eight.
2. To resolve that vacancies in the number of Directors be designated as casual
   vacancies and that the Board of Directors be authorised to fill such
   vacancies as and when it deems fit.
3. To re-elect John Fredriksen as a Director of the Company.
4. To re-elect James O’Shaughnessy as a Director of the Company.
5. To re-elect Ulrika Laurin as a Director of the Company.
6. To re-elect Ola Lorentzon as a Director of the Company.
7. To re-appoint PricewaterhouseCoopers AS of Oslo, Norway as auditors and to
   authorise the Directors to determine their remuneration.
8. To approve the remuneration of the Company’s Board of Directors of a total
   amount of fees not to exceed US$600,000 for the year ended December
   31, 2019.

Hamilton, Bermuda
September 13, 2019

This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act

Kilde

[TekBot]

FRO - Expiration of options to purchase additional Suezmax tankers

Reference is made to the notice of 23 August 2019, whereby Frontline Ltd.
(“Frontline”) (NYSE and OSE: FRO) announced an agreement with Trafigura Maritime
Logistics (“TML”), a wholly-owned subsidiary of Trafigura Pte Ltd
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(“Trafigura”) and certain related entities, to acquire ten Suezmax tankers, with
two separate options to acquire two plus two additional Suezmax tankers and to
the notice of September 12 2019, whereby Frontline and TML agreed to extend the
expiry date for the first option to 18 September 2019.

Frontline has elected not to exercise the first option to acquire two additional
Suezmax tankers. The second option to acquire two Suezmax tankers has as a
result terminated.

Robert Hvide Macleod, Chief Executive Officer of Frontline Management AS
commented:

“We added significant scale through our acquisition of 10 Suezmax tankers from
Trafigura, and we are satisfied with our exposure to this asset class. We are
pleased to see that the tanker market is tightening and earnings increasing in
all our segments. Our market view remains positive and supports further fleet
growth, but our main focus will be on VLCCs, where we will seek to add
exposure.”

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

September 18, 2019

The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Frontline Contact:
Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84

Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

Trafigura Contact:
Trafigura’s Global Press Office: +41 22 592 45 28 or [email protected]

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and underlying
assumptions and other statements, which are other than statements of historical
facts. Words, such as, but not limited to “believe,” “anticipate,” “intends,”
“estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,”
“expect,” “pending” and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions.
Although Frontline believes that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant uncertainties
and contingencies which are difficult or impossible to predict and are beyond
the control of Frontline, Frontline cannot assure you that they will achieve or
accomplish these expectations, beliefs or projections. The information set forth
herein speaks only as of the date hereof, and Frontline disclaims any intention
or obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.

This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.

Kilde

[Sjokk]

Ser ut som du fikk rett, den seiler fortsatt med god fart og er opp over 10 % i dag

[TekBot]

FRO – Increase in share capital

Reference is made to the announcement by Frontline Ltd. (“Frontline” or the “Company”) of the Company’s entry into an Equity Distribution Agreement on July 24, 2018.

Frontline has issued 3,462,866 ordinary shares pursuant to the Equity Distribution Agreement during the month of September 2019. Following such issuance, Frontline has an issued share capital of USD 192,616,032 divided into 192,616,032 ordinary shares.
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October 01, 2019
The Board of Directors
Frontline Ltd.
Hamilton, Bermuda

Questions should be directed to:

Robert Hvide Macleod: Chief Executive Officer, Frontline Management AS
+47 23 11 40 84
Inger M. Klemp: Chief Financial Officer, Frontline Management AS
+47 23 11 40 76

This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Kilde

[Sjokk]

Skipsaksjer er ikke det det er mest interesse for her på forumet, noe jeg tror mange vil angre på.

Siterer meg selv fra hva jeg skrev i Mai og det er ikke bare meg som tror at der er mer oppgang i vente, fraktratene bare stiger. Ser i andre tråder at det diskuteres at FRO har steget så mye at det er bedre å gå inn i andre skipsaksjer.

Kan hende det er riktig, der er mange som strever med det valget, litt gammel artikkel, men den står seg fortsatt. https://finansavisen.no/nyheter/boers-finans/2019/06/analytikernes-shippingfavoritter.

En trenger ikke bare sitte i en da jeg har stor tro på hele sektoren. Jeg følger derfor også BWLPG, Flex LPG, Gogl og og Hunt. Det viktigste tror jeg er å komme seg ombord Vi burde gjerne hatt en egen tråd for Skipsfart småprat?
Har ingen tro på at Frontline har nådd toppen, nå har den passert 90. DNB har høynet kursmål til 101, i 2015 var den i 150.