Fredriksen's merger-ready tankers soar in Q3

Frontline and Frontline 2012, expected to be merged into one entity in a matter of days, benefited strongly from the booming tanker market in the third quarter of the year. The strong trends look set to continue, says CEO.

Photo: Richard Drew/AP/POLFOTO/arkiv

Shipowner John Fredriksen's two tanker units, Frontline and Frontline 2012, are expected to be fully merged into one large-scale tanker carrier on November 30 2015 when the two companies' shareholders meet to complete the process.

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