John Fredriksen, who already owns Frontline, one of the world's largest oil tanker fleets, now plans to become a major player in the natural gas
transport market. He has invested USD 190 million (NOK 1.65 billion) to take
full control of Osprey Maritime, a Singapore based shipping line with 29
vessels. Mr. Fredriksen plans to focus Osprey on gas transport alone. The
combined market value of Osprey and Frontline amounts to USD 1.2 billion
(NOK 10.3 billion). That slightly exceeds the market value of Bergesen, a
competing Norwegian company that has the world's largest fleet.