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John Fredriksen establishes new Capesize carrier

The two John Fredriksen-owned companies Knightsbridge Tankers Limited and Frontline 2012 are combining their fleets of major dry bulk vessels.

Photo: K Line

The two John Fredriksen-owned companies Knightsbridge Tankers Limited and Frontline 2012 are merging their activities for major dry bulk ships to create one of the world's largest Capesize carriers. The two stock-listed companies combined will control a total of 39 modern Capesize ships, according to brief to the stock exchange on Thursday.

Frontline 2012 has 25 eco-design newbuildings in the orderbook, with five set for delivery in 2014, 14 in 2015, and the remaining six set for delivery in 2016.

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