Frontline abandons corporate acquisitions and bets on own fleet

John Fredriksen's crude oil tanker carrier Frontline has given up its efforts to buy its way to a position as the world's biggest player in its segment. For now at least. The carrier bets on the benefits from its own fleet renewal, CEO Robert Hvide Macleod tells ShippingWatch.

by TOMAS KRISTIANSEN

The first half of 2017 will not go down in Frontline's history as a period of success for majority shareholder John Fredriksen, who is otherwise known for getting what he sets his sights on.

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