Fredriksen takes $66m suezmax resale

Brokers Intermodal report in their latest weekly report that John Fredriksen’s Frontline has been in resales mode, bagging a Korean suezmax.

Frontline has reportedly paid Active Shipping $66m for a 158,400 dwt tanker, Nordic Breeze, due for delivery next year from Hyundai Samho. VesselsValue lists current suezmax newbuild prices at $65m.

Founded in 1994, Singapore-based Active has seven ships in its fleet, a mix of bulkers and tankers.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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