Frontline 2012 had previously openly talked of an IPO in the US but in recent earnings statements the focus shifted to the listing of a high yield capesize vehicle stateside.
After purchasing 30 capesizes in two deals this year, Knightsbridge, in which Frontline 2012 is now the majority shareholder, has ticked that box.
Oslo over the counter quoted Frontline 2012’s first quarter report passed this week without any further mention of a full US IPO and management declined to discuss the matter on the conference call for Oslo-listed Frontline.
