Tanker

Media: Frontline calls off efforts to acquire Gener8

John Fredriksen and Frontline are quitting their efforts to acquire competitor Gener8, reports Wall Street Journal – a transaction that could have created the world's largest fleet of VLCCs.
by SØREN PICO

For the second time this year, it now looks like the John Fredriksen-controlled tanker carrier Frontline must abandon its plans to acquire a competitor, reports the Wall Street Journal, citing an unnamed source.

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