Frontline Plc
NYSE: FRO
$14.35
+$0.28 (+2.0%)
Closing Price on December 24, 2024
FRO Articles
An over-supply of product leading to a steep drop in price has claimed another victim. No, this is not a story about a solar PV maker, but about shipping, where ships that were ordered in 2007 and...
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Markets opened higher today, and after some backsliding in the mid-morning, pulled ahead again by mid-afternoon. Crude oil closed up more than 2% at $97.78/barrel and gold was down by about -1.8%, at...
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Transportation stocks get a lot more attention as economic bellwethers than they do as market participants. Railroads, ships, and trucks are not particularly glamorous, and the industries are so...
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2011 has been an incredibly choppy year, the economy is flirting between snail-paced growth and recession, and many companies and entire sectors are experiencing some severe business pressures or...
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No matter what kind of cargo a shipping company moves, that company is likely to be in some financial distress. Rates for moving containers, dry bulk, and oil are all way down as the global economy...
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These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Friday morning. Aruba Networks, Inc. (NASDAQ: ARUN) Raised to Overweight at Barclays....
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It is hard to call the market weak right now even if today was a mixed day. We have seen a meteoric rise from the bottom. So what happens when you see companies hitting 52-week lows when the...
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As Japan recovers from the devastating earthquake and its aftermath, the country will depend heavily on importing raw materials into the country and exporting finished goods. There are a number of...
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Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have to pay just...
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The Baltic Dry Index, which tracks global shipping rates, has fallen for 24 consecutive days, its longest losing streak since August 2005. The BDI closed at 2,406 yesterday, its lowest point since...
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These are ten of this Wednesday’s top analyst calls with upgrades, downgrades, and initiations seen in Wall Street research notes: Apple Inc. (NASDAQ: AAPL) Raised estimates and Target to $348.00...
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As an indicator of global economic activity, the Baltic Dry Index, which tracks global shipping rates, has been quite reliable at pointing out at least directional trends both in shipping activity...
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This week felt like the sudden snap-back for dividend hikes after a week or two of fewer news announcements from major companies. It was in big companies too, rather than just the tiny ones. Some...
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These are the top ten analyst upgrades and downgrades we have seen from Wall Street early this Monday morning with more than two hours until the market opens: Accenture (ACN) Raised to Positive at...
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It is no secret that shipping stocks have been horrible performers of late. In fact, they have made the dismal performance seen at some trucking companies look like trucking was a blue chip...
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