Pursuits

Norway’s Richest Man Says He’s ‘Very Worried’ About China

Frontline Ltd CEO John Fredriksen.

Photographer: Bruno Vincent/CAMERA PRESS via Redux
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John Fredriksen, the billionaire who made his fortune investing in crude tankers, said he’s “very worried” about the turmoil spreading from China and the potential fallout on global shipping markets.

“It seems there are big problems in China,” Fredriksen said in an interview in Oslo on Monday. “That’s at least not good for the shipping market.”