Thursday, 16 February 2012

John Fredriksen


The Front Sun glides slowly to a stop at an off-loading station on the banks of the Sabine River near Houston. Her 25,320-horsepower engine falls silent as three tugboats strain to maneuver her into position. In her 4-acre hold slosh 520,000 barrels of sweet Nigerian crude worth $13 million. For the three-week voyage from the Nigerian oil terminal of Forcados, the Front Sun will collect $1.3 million, almost half of it profit. 

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