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.
by DANIEL LOGAN
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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