Clarksons Securities is backing International Seaways to follow the John Fredriksen playbook on dividend hand-outs.

The Frontline owner is a big shareholder in the US-listed tanker company and has stated his intention to try to work with management on boosting shareholder value.

This is despite Seaways adopting “poison pill” measures to prevent him increasing his holding.

Seaways declared a special dividend of $1 per share for the third quarter, on top of a regular pay-out of $0.12.