Share Upgrade For Frontline Ltd.
Bermuda-based shipping company Frontline was upgraded by investment analysts at FBR Capital from an “underperform” rating to a “market perform” rating in a note issued to investors todday [Feb. 21].
Separately, analysts at Dahlman Rose upgraded shares of Frontline from a “sell” rating to a “hold” rating in a research note to investors on January 4.
Frontline Ltd. is engaged primarily in the ownership and operation of oil tankers and oil/bulk/ore [OBO] carriers, which are configured to carry dry cargo. It operates oil 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.
It operates through subsidiaries and partnerships located in Bermuda, the Bahamas, the Cayman Islands, the Isle of Man, Liberia, Norway, the United Kingdom and Singapore. It is also involved in the charter, purchase and sale of vessels.
