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Fredriksen buys more International Seaways shares

Shipping tycoon John Fredriksen keeps the pedal on stock purchasing and buys additional shares in US tanker company International Seaways, filings show.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120

Norwegian-Cypriot John Fredriksen has been busy this week. First, he bought more shares in Euronav and hit 12,01% in the Belgian tanker carrier, and the next day, he upped his shareholding in US tanker company International Seaways, filings with the US Securities and Exchange Commission (SEC) show.

Through his company Famatown Finance Ltd, Fredriksen acquired 131,308 shares on May 2, 2022, and another 100,000 shares on May 4, 2022, at a price of USD 20,742 and USD 21,714, respectively. The filings also state, however, that the prices listed are a weighted average prices.

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