Frontline (NYSE: FRO) — the last of the big public tanker owners to post earnings — just gave shipping investors more to worry about over the holidays.

First came the surprise decision to pay no dividend. As Jefferies analyst Randy Giveans put it: "No dividend stocking stuffer" for Q3 and probably for Q4 or Q1. Then came talk of a particularly opaque outlook and even whispers of a resurgence in newbuild interest.

‘We decided to keep the cash...'

https://finance.yahoo.com/news/frontlines-disappearing-dividend-speaks-volumes-222946247.html