05/09/2013at 15:32

Frederiksen guarantees USD 200 million in Frontline

Frontline 2012 plans a USD 200 million capital injection, and John Fredriksen will put up a personal guarantee for the funds.

BY JØRGEN RUDBECK

Through the company Hemen Holding, owned by John Fredriksen, the Norwegian shipowner is now putting up a personal guarantee for a USD 200 million capital injection to shipping company Frontline 2012.

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Frederiksen guarantees USD 200 million in Frontline

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Frontline 2012 helped by cancelled newbuildings

Frontline lost USD 120 million in 2nd quarter

Frontline 2012 and Stolt-Nielsen in massive gas collaboration

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Front page now

Scan Global Logistics sold to private equity firm

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Scan Global confirms possible change of ownership

Opinion: Maersk and MSC heading for direct confrontation over customers

New Russia sanctions could eventually leave Europe in drastic need of diesel

DSV denies savings plan but is attentive to costs

Further reading

New Russia sanctions could eventually leave Europe in drastic need of diesel

Maersk's chief of fleet leaves after 25 years as reshuffling continues

Opinion: Maersk and MSC heading for direct confrontation over customers

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