Fredriksen prepared to buy supertanker fleet from competitor

Shipping magnate John Fredriksen is in talks with a "major player" to purchase the company's fleet of VLCC ships, he says only a few days after his tanker carrier Frontline made public its acquisition of up to 14 suezmax vessels from Trafigura. (updated)

by TRINE VESTERGAARD

Confidence in the tanker market has truly started to take hold with Frontlines major shareholder John Fredriksen, who calls himself prepared to expand the company's VLCC fleet, according to an interview with Norwegian business daily Finansavisen.

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Frontline anticipates turning point in tanker shipping
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Frontline buys a series of suezmax tankers from Trafigura
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