ShippingWatch

Arctic Securities and Fredriksen in new joint venture

Norwegian brokers Arctic Securities have joined forces with John Fredriksen in new venture Arctic Shipping Norway, which will be split evenly between the two owners.

Photo: Dietmar Hasenpusch/Hamburg Port of Marketing

A new shipping company will be launched in the first half of this year as Norwegian brokerage firm Arctic Securities has joined forces with similarly Norwegian Geveran Trading, which is John Fredriksen's family-owned investment company, to establish a new shipbroker unit under the banner Arctic Shipping Norway. A joint venture that is split evenly between the two parties, according to a statement.

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