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Marine Log

January 7, 2008

CMA picks Frediksen as next Commodore

Mr. John Fredriksen, chairman, chief executive, president and director of Frontline Ltd., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2008.

Mr. Fredriksen follows a long succession of influential maritime industry leaders as Commodore. The Award will be presented to Mr. Fredriksen on March 19, 2008 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition.

The Award is given each year to a person in the international maritime industry who has contributed to the growth and development of the industry.

Among other things, Mr. Fredriksen is chairman, chief executive officer, president and a director of Frontline Ltd. (Frontline). But that's just part of the story. Check out his Wikipedia entry here. He's still listed by Kapital magazine as Norway's wealthiest individual, with a net worth estimated at $10 billion--though he is now a citizen of Cyprus having turned in his Norwegian passport in protest of Norway's tax system.

Peter Drakos, president of the CMA, upon making the announcement stated, "We are extremely fortunate to have had the industry's most distinguished and accomplished shipowners accept our annual Award, beginning with our first Commodore Ole Skaarup. With the Board's choice this year of John Fredriksen we continue the tradition of recognizing excellence. It will be an honor to have one of the most successful shipping men of our time accept the CMA Award".

Former Commodores include: Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O'Neil, Richard du Moulin, Per Heidenreich, Mark Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen and Morten Arntzen.

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