Fredriksen to raise capital on New York Stock Exchange

According to a recent announcement, the Norwegian shipping billionaire John Fredriksen who controls the carrier Frontline 2012 is preparing the most aggressive newbuilding plans he has ever carried out.

In an industry which is otherwise under pressure, the Norwegian shipping billionaire John Fredriksen is now ready to expand the fleet significantly. Furthermore, the shipping billionaire plans to register Frontline 2012 on the New York Stock Exchange within the 10-16 months to come.

“The company is currently in the process of concluding one of the most aggressive newbuilding programs ever executed,” John Fredriksen says in a press release, Bloomberg reports.

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