Fredriksen named Connecticut Maritime Association Commodore 2008

(STAMFORD, CT — January 7, 2008) Mr. John Fredriksen, president and CEO of Frontline Ltd., has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2008. 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.

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 in Stamford, marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition.

“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,” said Peter Drakos, president of the CMA “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.”