The union of Golden Ocean with capesize titan Knightsbridge sees Fredriksen leapfrog Petros Pappas backed Star Bulk to reclaim the crown as Wall Street’s top bulker owner.

“New GOGL will generate strong cash flows as the dry bulk market moves into an est. mid-cycle from 2015, paving the way for larger dividends,” analyst Bjorn Kristian Roed said.

With stock listings in New York and Oslo, the supersized company will have a market cap of $1.28bn