Frontline 2012 ready for New York IPO this year
John Fredriksen's other tanker carrier, Frontline 2012, made a USD 103.5 million profit in the first quarter this year, boosted by the sale of dry bulk vessels. The carrier targets a New York stock listing this year.
BY KATRINE GRØNVALD RAUN
Fredriksen-controlled carrier Frontline 2012 delivered a net result of USD 103.5 million in the first quarter of the year, where canceled newbuilding contracts and the delivery of two major VLGCs, which the carrier sold to Avance Gas, boosted the result, according to the interim report, published Friday.
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