John Fredriksen’s attempt to takeover DHT Holdings has sparked inevitable chatter in the tanker market about future merger and acquisition activity.

Frontline, in which Fredriksen is the leading shareholder, this weekend launched an all-stock offer for New York-listed DHT.

Ben Nolan, an analyst at Stifel, says tanker M&A is rare and it would be “foolhardy” to believe Fredriksen’s interest in DHT will change the dynamic.

“However,