Frontline PLC is the world's fourth largest oil tanker shipping company, based in Limassol, Cyprus and controlled by John Fredriksen.

In May 1997, a decision was made at the general meeting in Frontline AB to change its domicile from Sweden to Bermuda and to list its shares on the Oslo Stock Exchange.

These takeovers made Frontline the world's largest tanker company, a position it has retained to the present day.

Golden Ocean Group (GOGL), a dry bulk carrier firm, was also spun off of Frontline and listed on the Oslo Stock Exchange.

The sale of the shares was in line with Frontline's strategy to remain a pure crude oil transportation company.

As part of the sale, Frontline acquired 24 of Euronav's oil tankers for an aggregate purchase price of $2.35 billion USD.