International Seaways board is putting a plan together to hinder Fredriksen take over

International Seaways is putting together a plan to block shipping magnate John Fredriksen from taking over the US tanker company after recent share acquisitions.

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

US-based tanker company International Seaways is not over the moon about the fact that Norwegian-Cypriot shipping magnate John Fredriksen has rapidly been buying shares in the company.

Therefore, the tanker company has adopted a ”poison pill” plan to hinder the shipping profile from taking over the company.

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