John Fredriksen’s Frontline has over $600m in firepower following a $100m equity issue last week, Danske Bank says.
Frontline raised the money overnight in partnership with Arctic Securities in a move that led to speculation it could swoop for Gener8 Maritime.
Bjorn Kristian Roed, an analyst at Danske Bank, says the new cash coupled with a loan from Hemen Holdings give Frontline funds of $375m.
“Adding
