Frontline 2012 CEO: The right time for a new fleet

Frontline 2012 wants to grow significantly in the years to come, with plans to become a leading player in the market for commodity transports. Now is just the right time for major growth, which means a newbuilding programme of 53 new ships, says CEO Jens Martin Jensen to ShippingWatch.

Many big players hesitate to expand in a tank and dry bulk market that is not exactly bursting with the potential for massive growth. But not Frontline 2012. The John Fredriksen-owned shipping company announced yesterday that it plans to expand its fleet to become a leading player in the market for commodity transports over the next three years. The company is also aiming to become stock listed in the United States during the next 10-16 months. The strategy is simple, says Jens Martin Jensen, CEO of Frontline 2012, ShippingWatch.

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