John Fredriksen has evolved into his own brand. What the tanker tycoon seems to have learned is that by taking a minority position in publicly traded shipping companies, he is able to create value when investors assume he is there to bid up the stock before taking the company over. With this week’s purchase of 5% of Jinhui, Big John Brands has a toehold in just about every sector of the shipping business. Since the shipping markets began to run in late 2002, Big John Brands has taken minority stakes in HMM, P&O Nedlloyd, NOL, Hanjin, Korea Line, General Maritime and probably a bunch more that we are forgetting.
This is only an excerpt of Step Aside Fendi, Watch Out Gucci – Big John Brands
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Tags: · Frontline, General Maritime, Hanjin, HMM, John Fredriksen, Korea Line, NOL, P&O Nedlloyd, Ship Finance Int. Ltd.
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