Frontline made US$659.2 million in the June quarter. A year earlier it made US$77.5 million
A chart like this most mornings, with last night’s Wall Street · Free, six mornings a week
The story behind it
The closed Strait of Hormuz has turned tanker owners into the best-performing corner of the market Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →
The story behind it
The closed Strait of Hormuz has turned tanker owners into the best-performing corner of the market Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →What the chart shows
A blocked waterway has done remarkable things to Frontline's accounts. The tanker owner's profit for the June quarter came in at US$659.2 million. A year earlier the equivalent quarter made US$77.5 million.
The mechanics are simple enough. With the Strait of Hormuz shut, the barrels that still move take longer routes, so the same volume of oil ties up more ships for more days. A tanker owner is really renting out time and distance, and both have become scarce. Sharespective's Tuesday edition walks through why shipping stocks were the loud exception on a red Friday.
The chart also carries its own warning. These earnings rest on a shortage of ships, not of oil, and when the strait reopens the routes shorten overnight.
The numbers
Profit reported by tanker owner Frontline for the quarter to June, this year against last, in US dollars. The Strait of Hormuz closed in between.
| Value | |
|---|---|
| June quarter 2025 | US$77.5m |
| June quarter 2026 | US$659.2m |
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
