John Fredriksen Interview In Financial Times
Financial Times Links: Fredriksen explores other waters; Fredriksen poised to swoop on ailing groups.
Probably most famous shipping tycoon shares his views on market outlook. Mr. Fredriksen famous on building Frontline, world largest tanker company, sold most of his shipping assets (currently he holds only stakes in Frontline (Tanker), Golden Destiny (dry bulk) and Golar LNG (LNG).
We’ve been pretty conservative and a little bit bearish about dry cargo because there’s a massive order book.
Our holding company is debt-free, so we are waiting for the right deal to come up.
My take, he’ll probably wait a bit before he buys something. The things are probably worse than he’s saying.