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You are here: Home Archive 2009 October Weekly Edition 22nd October 2009 Fredriksen to take stake in budget line

Fredriksen to take stake in budget line

by Richard Meade, London last modified Oct 22, 2009 03:30 PM

JOHN Fredriksen will invest in the new budget container line, The Container Co (TCC), but has not yet decided how much money he is prepared to offer.

According to Mr Fredriksen’s long-term business partner, Tor Olav Troim, the venture has offered some “encouraging economics” but the plans are still at an early stage.
“The idea is still on the design board, so no specific capital framework...

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