John Fredriksen played a key role in making the blockbuster Frontline-Euronav deal happen.
Frontline chief executive Lars Barstad said during a conference call on Monday that the Norwegian-born shipping tycoon and his counterpart Marc Saverys broke a “strategic deadlock” in coming to an agreement for Frontline to acquire 24 of Euronav’s VLCCs.
“This transaction has been made possible by two titans of shipping coming together … namely John Fredriksen and Marc Saverys,” Barstad said.
