Norwegian shipowner John Fredriksen’s appetite for newbuildings continues unabated.
The shipping titan, who invested in a series of oil and gas tankers last year,is understood to have turned his attention to bulkers and is poised to place orders for up to 14 capesize newbuildings.
They will be booked by Fredriksen’s new vehicle, Frontline 2012.
Market players say Fredriksen has inked letters of intent (LOI) with two shipyards, state-owned Shanghai Waigaoqiao Shipbuilding (SWS) in China and South Korean-owned STX Dalian.
The
