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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs