The long-anticipated deal was welcomed by analysts as a transaction which takes Frontline directly to the top of the tanker class, with the promise of meaty dividends and further growth.
“Fredriksen is now building a giant with a share price-currency matched by no other in the tanker-world, ready to grow in the red hot market where second hand values are lagging earnings,” said Eirik Haavaldsen of Pareto Securities.
Fredriksen
