Frontline buys larger stake in scrubber manufacturer

Frontline has purchased further shares in scrubber producer Feen Marine Scrubbers after the latter's founder sold his stake in the company.

Photo: Frontline

Frontline now holds an equity position of 28.9 percent in scrubber manufacturer Feen Marine Scrubbers (FMSI), the Oslo-based tanker company writes in statement after founder Bjørnar Feen sold his 30 percent stake in FMSI to the scrubber manufacturer.

According to Frontline Chief Executive Robert Hvide Macleod, FMSI has increased its market share since Frontline purchased 20 percent of the company in the summer of 2018.

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