Although John Fredriksen has richly earned his reputation as shipping's greatest corporate raider, he has also been on what is in effect a 20-year losing streak in the crude tanker market.
Fredriksen and his public tanker company, Frontline, are 0-for-4 in consolidation over that period, having swung and missed at US-listed owners Overseas Shipholding Group (OSG), DHT Holdings, General Maritime and its successor, Gener8 Maritime.
