ADS Crude Carriers' shares began trading on the Oslo Merkur Market this week, with John Fredriksen's Ship Finance International as its largest shareholder.
As TradeWinds has reported, Ship Finance provided the Terje Bodin Larsen-led outfit’s inaugural fleet by selling it three 2002-built VLCCs, with payment partially in shares.
A document prepared ahead of the listing confirms that ADS Crude is paying $22.5m
