Pareto: Fredriksen could reconquer tanker market
The booming tanker market is causing analysts to speculate about a potential fast-paced IPO of John Fredriksen's two merged Frontline companies which could become a giant.
BY OLE ANDERSEN
Norwegian-born shipowner and oil magnate John Fredriksen could basically establish a new US-listed tanker giant overnight by merging his two companies Frontline and the budding Frontline 2012. In addition, this comes at a time where the whole tanker market is booming with rates far above previous expectations and presumably a bright future to look forward to.
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