Fredriksen increases stake again in Frontline rival Euronav

Norwegian-Cypriot shipping magnate John Fredriksen continues the share shopping spree in tanker operator Euronav, a competitor to Fredriksen's own Frontline.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Norwegian-Cypriot John Fredriksen continues his share raid in Belgian tanker operator Euronav, which constitutes a competitor to the shipping magnate's own company, Frontline.

According to a filing to the US Securities and Exchange Commission (SEC), comanies owned by John Fredriksen now owns 9.8 percent of the shares in the listed tanker company.

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