HotOtc Featured Company: Frontline Ltd. (FRO) Continues to Offload Solid Quarter over Quarter Dividends
In some markets, the name of the game is management. Write the best contract you can and let others do the work for you. There are an increasing number of companies following this outsourcing model, with most finding it very profitable. Frontline Ltd., one of the world’s largest crude oil and bulk commodities shipping concerns, operates on the crude oil spot market. It ships crude oil to Europe, the Far East, Caribbean and offshore Louisiana (USA) facilities. The company owns 76 vessels, a fleet composed of Very Large Crude Carriers (VLCC), oil/bulk/ore vessels and Suezmax tankers. The VLCC comprises the…