Frontline and Euronav have entered into a definitive merger agreement. Euronav shareholders will receive 1.45 shares of Frontline for each share of their company. The merger is scheduled to close in Q4 2022 following Frontline's redomiciliation from Bermuda to Cyprus.

Frontline's GAAP net income for 3 months of 2022 was $31.148 million, up 7.8% from $28.895 million in the prior year. Revenue increased 12.1% to $217.441 million from $193.991 million a year earlier.

Frontline and tanker company Euronav NV have signed an agreement on a potential merger of the companies. It is planned that Euronav shareholders will receive 1.45 Frontline shares for each of their shares and will own 59% of the joint firm. Frontline's 41% stake in the combined group. The parties are currently in the process of agreeing on the structure of t...

Frontline's GAAP loss for 2021 was $11.148 million, compared to a profit of $413.006 million the previous year. Revenue declined 38.7% to $0.749 billion from $1.221 billion a year earlier.