Magnus Vaaler

Part of Frontline Plc, Frontline Management AS is a world leader in the international seaborne transportation of crude oil. The company is based in Norway, Sweden. In 1996, Hemen Holding Limited, a Swedish company indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, became the majority shareholder in the company. The company traces its origins to Frontline AB, which was founded in 1985 and listed on the Stockholm Stock Exchange from 1989 to 1997.

Independent Tankers Corp. Ltd. is a holding company, which engages in the ownership and operation of crude oil tankers on long term bareboat contracts. It owns and leases crude carriers and Suezmax tankers. The company was founded on January 18, 2008 and is headquartered in Hamilton, Bermuda.

Offshore Merchant Partners AS operates as a holding company that targets global oil and gas related offshore asset markets. It complements the existing service providers, primarily specialized investment entities, brokerage, and advisory boutiques. The firm is an investor, commercial- and alternative asset manager that is structured as a portfolio company of HitecVision L.P. VI. The company was founded in 2013 and is headquartered in Oslo, Norway.

Knightsbridge Shipping Ltd. operates as an international shipping company specializing in the transportation of dry bulk cargo. The company through its subsidiaries owns and operates a fleet of Capesize dry bulk carriers. Its vessels include Belgravia, Battersea, Golden Future and Golden Zhejiang. The company was founded on September 18, 1996 and is headquartered in Hamilton, Bermuda.

Part of Borr Drilling Ltd., Borr Midgard Assets Ltd. explores oil and gas. The company is based in Hamilton, Bermuda.