Tanker carrier Frontline, owned by shipping magnate John Fredriksen, raised USD 100 million in a share issue last week. The money will likely be spent on an acquisition, project analysts.
In an analysis, DNB Markets notes that Frontline could "do a BW LPG". Meaning that the tanker carrier could buy a major competitor, as BW LPG has recently done with Aurora LPG, and thus become a clear-cut top player in its segment.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.