John Fredriksen has teamed up with Arctic Securities to form a shipbroking joint venture.
Fredriksen’s Geveran Trading will hold a 50% stake in Arctic Shipping Norway which will begin operating in the first half of this year.
Initial key staff are on board with dialogue ongoing for further recruits, Arctic said in a statement.
'Nothing comes free'
Harald Thorstein, a key aide of Fredriksen, explained: “We think it is very exciting to contribute to the creation of a new shipbroker.
“However,
