Frontline Ends Pursuit of Gener8 Maritime – report

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Frontline has shelved its plans to purchase its US-based rival Gener8 Maritime, the Wall Street Journal reported.

Fredriksen said earlier that he was looking into the purchase of a ship operator that ran at least 20 VLCCs, with Gener8 Maritime being singled out as the likely candidate.

A vessel combination deal between Frontline and Gener8 Maritime, which operates a fleet of 23 tankers, would have created the world’s biggest tanker fleet.

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