Dallas, Texas 04/09/2014 (FINANCIALSTRENDS) – Frontline Ltd. (NYSE:FRO), one of the leading oil-shipping countries with very large capacity transport coverage has reported a slight drop in the stock prices at the end of the trading session on April 8, 2014.
Shipping services for global clientele
Bermuda –based Frontline Ltd. (NYSE:FRO) offers shipping services related to oil tankers. Currently the company offers two sizes of oil tankers; the first is the Very Large Crude Carriers and the second size is the Suezman tankers.
Frontline Ltd. (NYSE:FRO) two sizes of oil freight services allow it to operate in the rendering services across the categories of 200, 000 as well as the 320,000 deadweight tonnage. The Suezman tankers which are in the sizes of 120,000 and 170,000 dwt, allow the company to have the much required band-width to address the needs across the spectrums of clients.
Network and cross-sector services
Frontline Ltd. (NYSE:FRO) operates these vessels through a network of subsidiaries as well as partnerships. It currently holds operations in Bahamas, Bermuda, India, Cayman Islands as well as Isle of Man and Norway, besides the United Kingdom and Singapore.
Frontline Ltd. (NYSE:FRO) also offers end –to-end services with the haulage of crude oil as well as the refined dirty petroleum cargos. It has also developed a clear line of business for charter, sale of vessels as well as purchase.
Financial Position
The stock has been reporting an average trading of 924,737 shares and negative EPS of 14.27. It also holds outstanding shares of 86.51 million. Previously the shipping top-line performer has reported trading prices across the day at $3.76 and $3.93. Additionally, it has reported 52 week trading stock prices of $1.71 and $5.18 per share. The market capital for this company is currently in the range of 334.80 million and does not have Profit to Earnings Ratio.
