John Fredriksen’s interests are said to be planning a tanker newbuilding order in China after the shipping magnate’s Frontline exited the tanker consolidation move with Belgium’s Euronav.
They are said to be looking to order conventionally fuelled suezmaxes and aframax product carriers.
Several shipbuilding sources told TradeWinds that discussions for the LR2s started last year and are at an advanced stage with shipyards, with letters of intent for up to six vessels — including options — being inked to two separate yards.
