Frontline appoints Macleod as new CEO
Crude oil tanker firm Frontline, part of shipping tycoon John Fredriksen's business empire, appointed Robert Hvide Macleod as chief executive to replace Jens Martin Jensen, the firm said on Monday. Jensen, who was elected to the Frontline board last month, will stay on as the firm's chief for the sale and purchase, newbuilding and other maritime related projects, frontline said. "Combined with his (Macleod's) outstanding network throughout the tanker industry, we believe this will ensure that the Company remains the driving force in the industry," Fredriksen said in a statement. "With Jens Martin Jensen's continuation with the Group and his extensive experience and knowledge I am confident this will continue to help drive the Company forward," Fredriksen added.
Frontline, Teekay to Expand Suezmax Pool
Hamilton, Bermuda, December 15, 2008 – Teekay Corporation and Frontline Ltd. announced an agreement to commercially combine their Suezmax vessels within the Gemini Pool, a Suezmax tanker pool serving customers around the globe. Frontline will place its spot Suezmax vessels within the Gemini Pool, bringing the total number of vessels in the pool to 36. To manage the larger fleet and establish a chartering presence in Europe to supplement its existing Stamford, Connecticut operations, Gemini has opened an office in Oslo and four commercial personnel from Frontline have joined the new office. “Frontline has always been a frontrunner in consolidating the tanker industry and entering the Gemini Pool is an important element in such.
