Wilhelmsen goes against the flow with Norsea acquisition

Norwegian group Wilhelmsen has acquired the majority stake in Norsea Group, during a time in which several companies are opting for opposite solutions. Brighter days are coming, Wilhelmsen tells ShippingWatch.

Jan Eyvin Wang, Senior Vice President industrial investments at Wilhelmsen (left) Chairman and CEO of Norsea Group, John Stangelan, and Thomas Wilhelmsen, Group CEO of Wilhelmsen.

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Frontline hit by weakest tanker market in four years

Over the third quarter, John Fredriksen's tanker carrier Frontline rejected unreasonable offers from customers, especially for the large VLCCs, which had a negative impact on the result, says CEO Robert Hvide Macleod.

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