Fredriksen Group
- Offshore
Fredriksen ups stake in Valaris
Shipping tycoon John Fredriksen has increased his ownership interest in the offshore drilling giant Valaris. Famatown Finance, a company indirectly…
Read More » - Finance and Insurance
John Fredriksen buys into Valaris
John Fredriksen has returned to the offshore drilling market, acquiring a stake in Seadrill’s rival and one of the world’s…
Read More » - Offshore
Seadrill clinches several new contracts and extensions
Offshore driller Seadrill has bagged several new contracts and contract extensions for its drilling units, according to its latest fleet…
Read More » - Tankers
SFL buys four Frontline LR2s
SFL Corporation has swooped for four modern aframax LR2 product tankers, paying John Fredriksen’s Frontline $160m for the quartet which…
Read More » - Offshore
Seadrill appoints new board of directors
Offshore driller Seadrill is bringing in some of the industry heavyweights to take over the leadership of the new parent…
Read More » - Tech
John Fredriksen lauches clean energy tech company
ST Energy Transition I, a blank check company created by John Fredriksen to target energy transition and clean energy technology,…
Read More » - Tankers
Euronav’s CEO plays down Fredriksen takeover talk
John Fredriksen has spotted an investment opportunity rather than hatching a takeover attempt, the boss of tanker rival Euronav said…
Read More » - Gas
Flex LNG seals pair of charters
John Fredriksen’s Flex LNG has agreed time charters with an undisclosed energy major for 173,400 cu m LNG carriers, Flex…
Read More » - Finance and Insurance
Court approves Seadrill’s rescue plan
John Fredriksen-controlled offshore driller Seadrill could be out of bankruptcy protection in two months after having its restructuring plan approved…
Read More » - Tankers
John Fredriksen makes rallying call for tankers by upping stake in Euronav to 10%
Norwegian shipping tycoon John Fredriksen, hailed today as shipping’s Warren Buffet, continues to increase his ownership interest in rival tanker…
Read More » - Offshore
Aquadrill offloads semisub and scores drillship contract
Aquadrill has sold one of its semisub rigs for scrap while securing a new drillship contract in Indonesia. In its…
Read More » - Gas
Petredec offloads entire stake in Avance Gas for $67m
VLGC player Petredec has sold its entire holding in Avance Gas for around $67.4m. The second largest owner of Avance…
Read More » - Tankers
Fredriksen becomes key shareholder in Euronav
With plenty of analysts suggesting tankers have finally bottomed out after a horrendous 2021, shipping’s most famous tycoon has decided…
Read More » - Dry Cargo
Golden Ocean orders kamsarmax quartet in China as it sells panamax pair
John Fredriksen-backed bulker owner Golden Ocean Group is pressing forward with its fleet renewal and expansion programme, having sold two…
Read More » - Offshore
Aquadrill secures $94m Gulf of Mexico contract
Aquadrill, formerly Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has entered into a charter hire agreement with Diamond…
Read More » - Dry Cargo
Golden Ocean orders three kamsarmaxes in China
Golden Ocean Group has managed to bag some comparatively early delivery slots in China, revealing today orders for three kamsarmaxes.…
Read More » - Tankers
SFL snaps up suezmax trio
John Fredriksen’s SFL Corporation has struck a deal to acquire three 2019-built suezmax tankers in combination with long-term time charters…
Read More » - Finance and Insurance
Seadrill set to emerge from chapter 11 after court approves restructuring plan
John Fredriksen-controlled offshore driller Seadrill has received approval from a court in Texas for its proposed restructuring plan, setting the…
Read More » - Finance and Insurance
John Fredriksen further reduces stake in Seadrill
John Fredriksen continues to divest his stake in the financially troubled offshore driller Seadrill, reducing ownership to just under 20%.…
Read More » - Gas
John Fredriksen to take control of Avance Gas
John Fredriksen has moved to take full control of Avance Gas. The Norwegian tycoon’s privately held Hemen Holding bought more…
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