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Fredriksen launches bid to join Tui board

SHARES in Independent Tankers Corp, a subsidiary of John Fredriksen’s Frontline, will be registered on Oslo’s over-the-counter market from tomorrow, writes Tony Gray. ITC, in which 20% of the shares have been spun-off to Frontline’s shareholders, has been assigned the ticker code “ITCL”. The company owns six very large crude carriers and three suezmaxes which are on bareboat charters to Chevron and BP.

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