John Fredriksen’s Frontline holds the upper hand in tanker market consolidation given the capacity to use stock as well as cash to pursue deals, Pareto Securities says.
Frontline continues to hunt DHT Holdings with the two companies exchanging blows last week after Frontline’s initial offer was rejected as “wholly inadequate”.
Frontline is not alone in looking to add tankers to its fleet with DHT, Euronav and International Seaways among the other public companies targeting growth and renewal today.
