ShippingWatch

Fredriksen sells DHT stake and buys container ships

Frontline was unable to acquire DHT Holdings last year, and the tanker shipping company has now sold all its shares in DHT at a profit. John Fredriksen has also bought new container ships through his investment unit.

Tanker carrier Frontline last year had to call off its remarkable attempts to buy competitor DHT Holdings after numerous failed takeover bids.

But Frontline, controlled by John Fredriksen, was still able to profit from the efforts, shows the first quarter interim report, published Thursday this week.

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