Carriers

Fredriksen's share buys in competitor has been a good investment

John Fredriksen has earned billions on his shares in International Seaways since 2022, Finansavisen writes 
Today, Fredriksen’s post is worth USD 443m, compared to a cost price of USD 164m. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix
Today, Fredriksen’s post is worth USD 443m, compared to a cost price of USD 164m. | Photo: Ints Kalnins/Reuters/Ritzau Scanpix
by IDHA TOFT VALEUR

Shipping magnate John Fredriksen has passively sat as the largest shareholder in American International Seaways for the last two years without being given a seat on the board, this is now changing.

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