Simon Day

"The Norwegian Northern Shipping AS never showed large profits. The company covered its costs, but not much more. The income was brokerage fees, primarily from John Fredriksen and his young, talented British broker Simon Day, but also from co-owner Peter Siemer. No one has ever become really rich from that. It would indeed have helped if the brokerage fees had gone entirely to Northern Shipping on Karl Johans street. However, along the way from their main customer Fahdi Shipping in Athens, a significant portion of the revenues disappeared. Instead, they went to an account in Jersey, which is not troubled by any noteworthy taxation."

"Now, Simon Day unwaveringly believed in large tankers. The world fleet of supertankers had to be renewed sooner or later, and the one who is first out with an order, gets it built cheapest. You just had to not be too early, as that would leave you with crippling interest costs and small freight revenues."