The merger of the two John Fredriksen-controlled tanker carriers Frontline and Frontline 2012 is now a reality, and the share is being traded for the first time today, Tuesday, December 1st, on the Oslo Stock Exchange, says the company in a statement.
With the expected merger of the two Frontline tanker units, the Norwegian-born shipping and oil magnate John Fredriksen reclaims his position as one of the world's leading shipowners in the crude oil and product tanker segments, as projected by numerous analysts.
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