John Fredriksen’s Frontline could be well served in turning its attention to Gener8 Maritime after seeing its hopes of buying DHT Holdings reduced last week, Seaport Global says.
New York-listed DHT on Thursday revealed a fleet deal that will see BW Group become its largest shareholder.
Seaport analyst Magnus Fyhr says that Gener8, a takeover target for Idan Ofer’s Quantum Pacific, is presently trading at a 24% discount to net asset value (NAV).
“We
