Frontline Stock Discussion

The market sentiment towards Frontline has improved over the past three years, as evidenced by the share price gain outpacing EPS growth. The company's recent performance suggests it might be worth a closer look for potential investment opportunities.

The Red Sea crisis is expected to last 6-12 months according to Honour Lane Shipping, and if so, the company predicts that the soaring freight rates and equipment shortage will continue until the third quarter.

Traders say the economic incentive to import oil from the U.S. Gulf Coast to Asia has closed, as the cost of booking supertankers on the route has surged, Reuters reported Wednesday.
The freight rally has raised the premium for West Texas crude from the U.S. to more than $4/bbl against Dubai quotes on a cost-and-freight basis for April delivery from ~$2/bbl last week, traders said, reportedly pushing WTI to a premium of $1/bbl mo...

What happened?
The Houthi armed forces in Yemen issued a statement on December 15 stating that the organization launched missiles at the container ship “Alanya” and the “Palatiyum 3” bound for Israel. The statement said that the Houthis will continue to block all ships heading to Israel until supplies needed by the people of the Gaza Strip arrive.
Four international shipping companies have successively announced the susp...