Frontline plc is an international shipping company that operates a fleet of crude oil and product tankers, including Very Large Crude Carriers, Suezmax tankers, and LR2/Aframax clean product tankers. The company generates revenues primarily through voyage charters, where it transports cargo for customers on a per-voyage basis and bears voyage-related costs, and time charters, where vessels are hired for specified periods at daily rates while the company covers operating costs. Its customers include state-owned enterprises, oil majors, commodities traders, and affiliated companies across the global oil tanker shipping market, which is subject to cyclical volatility driven by oil demand, production fluctuations, newbuilding and scrapping activity, and regulatory changes.