Fredriksen Group
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Europe
Scorpio Bulkers back in buying mode, takes six Golden Ocean ultramaxes
Scorpio Bulkers is back in buying mode. After more than two years of scaling back its fleet and waiting on…
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Europe
Seadrill vows to fight on
John Fredriksen’s rig outfit Seadrill has said that the court overseeing the company’s chapter 11 restructuring proceedings has granted the…
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Europe
Shareholders the loser as Seadrill announces restructuring under chapter 11
John Fredriksen’s Seadrill has reached a restructuring agreement with its bank lenders, 40% of its bondholders and a consortium of…
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Europe
Seadrill set to file for chapter 11 today
John Fredriksen’s embattled Seadrill is expected to file for chapter 11 today, becoming one of the most high profile casualties…
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Europe
Fredriksen in Seadrill discussions with China Merchants
State-run China Merchants Group is looking at buying up cheap offshore rig operators, according to a report carried on Bloomberg.…
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Europe
Frontline remains in the hunt for ‘attractive opportunities’ in prolonged weak tanker market
Despite losing more money its latest quarter John Fredriksen’s tanker venture Frontline is eyeing some opportunistic acquisitions in the coming…
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Europe
Seadrill will file for chapter 11 by September 12
John Fredriksen’s embattled Seadrill will file for chapter 11 in under three weeks. The rig operator made a $158m net…
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Europe
Seadrill moves closer to filing for chapter 11
John Fredriksen’s Seadrill went a step closer to filing for chapter 11 today, moving to ring-fence a subsidiary. The drilling…
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Europe
Quintana fleet acquisition ‘timely’ claims Golden Ocean boss
The boss of Norwegian dry bulk group Golden Ocean has said the company’s move earlier this year to snap up…
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Europe
Seadrill gets extra breathing time, braces investors and yards to take a hit
John Fredriksen’s Seadrill has won some much needed extra breathing space to get its restructuring plan in place. The rig…
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Europe
Fredriksen ups stake in Solstad Farstad
John Fredriksen’s private family investment vehicle Hemen Holding has bolstered its stake in new merged OSV firm Solstad Farstad. Hemen…
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Europe
Fredriksen reportedly ditches Gener8 Maritime bid
The Wall Street Journal (WSJ) is reporting that John Fredriksen’s Frontline has abandoned plans to take over tanker rival Gener8…
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Europe
Golden Ocean seeking further acquisitions
Fresh from bedding in the fleet of Quintana Shipping in March, John Fredriksen’s Golden Ocean looks to be on the…
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Europe
Fredriksen turns attention away from DHT to another big VLCC operator
John Fredriksen is looking at alternative crude tanker targets having given up hope of taking over DHT Holdings. In an…
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Europe
Flex LNG takes orderbook to six
Oslo-listed Flex LNG has revealed its orderbook now stands at six gas carriers. The John Fredriksen-controlled vehicle has four ships…
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Europe
Seadrill promotes Dibowitz to CEO
Under pressure Seadrill has promoted its American chief commercial officer to replace Per Wullf as CEO. Anton Dibowitz will take…
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Europe
Frontline accuses DHT board of ‘misleading’ its shareholders
In the ongoing, very public tit-for-tat between the tanker titans Frontline and DHT Robert Macleod has fired off another angry…
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Europe
Nestoil takes Frontline VLCC for floating storage
Nigeria’s Nestoil has been revealed as the buyer of the VLCC and sources tell Splash the tanker will now be…
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Europe
Frontline joins the rush for VLCC orders
John Fredriksen’s Frontline is being linked with an order at Hyundai Heavy Industries (HHI) for two firm VLCCs. The deal…
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Europe
Seadrill offloads jackup trio to Shelf Drilling
John Fredriksen’s Seadrill has agreed to sell jackup rigs West Triton, West Resolute and West Mischief to Shelf Drilling for…
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