Shipping magnate John Fredriksen has increased his holding in International Seaways two weeks after becoming the US company’s biggest shareholder.
A filing from his private Famatown Finance had earlier stated in error that the shipowner had made two disposals of stock this month after he acquired just over 8m shares in April for a 16.19% stake.
But a spokesman for the Fredriksen group told TradeWinds that Famatown actually bought 131,308 shares on 2 May at an average of $20.74
