John Fredriksen’s Frontline could be sliced in two in a bid to see it through the tanker market downturn.

Tor Olav Troim and John Fredriksen.

Splitting the trading fleet from its newbuilding orderbook is the most realistic option for the company which announced plans to restructure today, according to Fredriksen’s lieutenant Tor Olav Troim.

As TradeWinds reports this morning Fredriksen is ready to plough his own funds into the firm which is looking to complete a reorganization by the close of this year.

Troim,