ShippingWatch

Inside John Fredriksen's new Frontline

An even flatter organization with a more trading-oriented set-up are just two of the key elements that shape the new Frontline. ShippingWatch presents John Fredriksen´s giant, aimed at reaping maximum rewards on the oil market.

Photo: Richard Drew/AP/POLFOTO/arkiv

John Fredriksen's tanker giant Frontline is no longer what it used to be. About one year ago, Robert Hvide Macleod took the top position as CEO of the tanker carrier and since then major changes have taken place.

Among other things, he has executed the plans for the anticipated merger between Fredriksen's Frontline and Frontline 2012 melting the two tanker carriers into just one on November 30th - and since December 1st the new carrier has been trading on the Oslo Stock Exchange. On that same date, former CEO Jens Martin Jensen opted to bid farewell to Frontline after eleven years. While Jens Martin Jensen was located as CEO in Singapore and London, Robert Hvide Macleod is permanently affiliated with the office in Oslo, which is also home to Frontline Management and where the organization has gone through a process of renewal.

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