May 8th, 20190John Fredriksen’s Flex LNG has moved a step closer to listing on the New York Stock Exchange, having publicly filed a registration statement on Form 20-F with the US Securities and Exchange Commission. As announced last month, Flex LNG is going down the route of a direct listing and no new securities will be issued. The NYSE...
May 8th, 20190Brokers Intermodal report in their latest weekly report that John Fredriksen’s Frontline has been in resales mode, bagging a Korean suezmax. Frontline has reportedly paid Active Shipping $66m for a 158,400 dwt tanker, Nordic Breeze, due for delivery next year from Hyundai Samho. VesselsValue lists current suezmax newbuild prices at...
May 1st, 20190John Fredriksen’s rig investment company Northern Drilling has exercised its option for newbuild drillship from South Korean yard DSME. Northern Drilling is paying $350m for the drillship and delivery is flexible through to the end of the first quarter of 2021. Cobalt Explorer was originally ordered by Vantage Drilling and...
April 29th, 20190John Fredirksen’s Flex LNG has sold 2018-built LNG carrier pair Flex Endeavour and Flex Enterprise to Hyundai Glovis for $420m. Hyundai Glovis is paying $300m and providing a seller’s credit of $120m. It will time charter the vessel back to Flex LNG for a period of ten years. Flex LNG has options to acquire the vessels during the...
April 5th, 20190John Fredriksen’s Flex LNG has tuned in to the Spotify route to Wall Street, pushing ahead with a direct listing on the New York Stock Exchange (NYSE). Flex LNG has revealed it submitted a draft registration statement on Form 20-F to the US Securities and Exchange Commission (SEC) as it pursues the listing of its ordinary shares on the...
March 1st, 20190Offshore driller Northern Drilling, part of John Fredriksen’s Seadrill, has secured a contract for newbuild semi-submersible rig West Bollsta. The Hyundai Heavy-built rig will perform a ten-well program which includes the development of the Luno II field and the Rolvsnes discovery in the Norwegian North Sea. The contract was...
January 22nd, 20190The Petroleum Safety Authority Norway (PSA) said it is investigating a well control incident which occurred last week on Seadrill’s semi-submersible rig . The rig is currently operating for Equinor in the Barents Sea, and on January 16 during drilling operations the lower marine riser package on the blowout preventer was...
January 17th, 20190Seadrill’s limited liability company Seadrill Partners has secured a six-well contract for 2009-built semi-submersible tender rig offshore Cote d'Ivoire. Commencement of the contract is scheduled for the third quarter of 2019 and will run through to the second quarter of 2020. The contract, with an unnamed client, also includes...
January 1st, 20190John Fredriksen’s Ship Finance International has finished off 2018 with the acquisition of two containerships, its fourth deal in the sector for the year.
The company has added a pair of 2016-built 19,400 teu boxships and contracted them until late 2033 on long-term bareboat charters. The charters are worth around $470m, and the client...
December 19th, 20180John Fredriksen’s Ship Finance International (SFI) has entered into a $270m lease financing agreements with an Asian-based institution, which sees it sell three 10,600 teu containerships acquired earlier this year. The vessels are on long-term time charters to Maersk Line until 2024, with further options to extend the charters by up...
