02/05/2022at 14:51

Fredriksen becomes major stakeholder in International Seaways ahead of potential Euronav merger

Norwegian-Cypriot shipping magnate John Fredriksen, who’s working to have Frontline merge with rivaling Euronav, has been buying a lot of shares in US tanker carrier International Seaways. Analysts are puzzled by the purchase.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by DAG HOLMSTAD, IDHA TOFT VALEUR

Norwegian-Cypriot shipping magnate and billionaire John Fredriksen isn’t wasting any time and has in the last weeks of April been buying up in US tanker carrier International Seaways.

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