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TOP 30 TANKER COMPANIES TAKER Operator’s

Frontline Management AS, a wholly-ownedsubsidiary, is responsible for the commercialmanagement of Frontline's shipowningsubsidiaries, including chartering andinsurance. Frontline has a strategy of extensiveoutsourcing. For example, shipmanagement,crewing and accounting services areprovided by a number of independent andcompeting shipmanagement include V Ships, both in Norway andthe UK; Wallem Shipmanagement;International TANKER Management andThome s fleet list includes Suezmaxes(29), Obos (8) and VLCCs (44). Theconglomerate also has eight Suezmaxes and10 VLCCs on order. The numbers includethose owned by subsidiaries and others thatare long term chartered.

owning or operating mainstream large crude carriers, chemical and products tankers of over 10,000 dwt. We have not included FPSOs or gas ships. ... carrier fleet will have expanded to 65 vessels. MOL Tankship Management (13.7 mill dwt, plus at least 1.7 mill dwt newbuildings) 3. IV TANKEROperator Annual Review March 2009

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  Large, Carrier, Crude, Ulcer grade

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