Dry CargoEuropeOffshoreTankers

Salmon now the biggest fish in the sea for Fredriksen

John Fredriksen’s most valuable equity holding is related to the sea, but is not in merchant shipping and offshore, according to analysis by Bloomberg.

Fredriksen, who has seen his net worth slump 40% in the past 18 months thanks to the falling price of oil, is netting significant sums from another source – his 25% stake in Marine Harvest, the world’s largest producer of salmon. Fish prices have climbed to record highs of late – Bloomberg noting how a 4.5 kg salmon now costs more than a barrel of oil.

Fredriksen’s $1.6bn Marine Harvest holding is now more seven times as valuable as his similar-size stake in offshore driller Seadrill, Bloomberg statistics show.

Tags

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button
Close
Close