Well-known shipping industry face Jens Martin Jensen is on the move again just months after rejoining his former boss John Fredriksen and is returning to his former position as chief executive for Athenian Tankers.
One-time Frontline chief executive Jensen confirmed he stepped down from his position as director of shipping at Seatankers Management on 31 May.
He started work with the company earlier in 2022.
But the newbuilding specialist is keeping his director positions at Fredriksen’s tanker arm Frontline and bulker operation Golden Ocean Group.
Talking about his reasons, Jensen said “no dramas” but indicated the position did not work out as planned.
Jensen said he has rejoined Kyriakou family-controlled Greek shipowner Athenian Holdings as chief executive — a position he originally took up in September 2020.
Athenian has been selling off its VLCC tonnage recently but is expected to move forward with expanding and diversifying its fleet.
In January, TradeWinds reported the shock news that Jensen was rejoining the Fredriksen empire after a break of almost seven years.
In March, Jensen’s appointment as a director at Frontline and Golden Ocean Group was confirmed.
The same month Jensen was brought as a director, alongside Flex LNG chief executive Oystein Kalleklev as executive chairman, to help run Fredriksen’s VLGC company Avance Gas after its chief executive and chairman Kristian Sorensen resigned and chairman Erik Jacobsen stepped down.
Jensen previously worked with Fredriksen’s Frontline Management for 11 years from 2004 to 2015.
He stepped aside from the chief executive role in 2014 to take on responsibility for sale and purchase, newbuildings and maritime projects, leaving the company a year later.
Jensen, who is well-known for his prowess on newbuildings, dealmaking ability and reputation for being an exceptionally hard worker, rejoined Fredriksen after leaving his position at Athenian.
His shipping career began in AP Moller. He later joined Island Shipbrokers in Singapore where Idan Ofer’s Tanker Pacific was a key client.
Jensen went on to work at Pillarstone Europe and Fredriksen’s former partner, Tor Olav Troim, brought him in to work as a board member for 2020 Bulkers, a role he stepped down from in late 2021.
From 2019, Jensen spent a year working as head of shipping at US-headquartered New Fortress Energy.