John Fredriksen’s new Frontline is now the second most valuable shipping outfit on the Oslo Stock Exchange after Royal Caribbean Cruises following this week’s formal approval of the merger between the “old Frontline” and Frontline 2012.

In an exclusive interview with TradeWinds, Fredriksen says the aim is to expand further.

“We look at concrete projects but there is a lack of transactions of ships, therefore, it has taken longer than expected,” he said.