Fredriksen Group
- Europe
Seadrill to axe more than 30% of its staff
John Fredriksen’s Seadrill has implemented a large cost-cutting exercise as it faces up to the prospect of another prolonged downturn…
Read More » - Europe
Seadrill to delist from NYSE
John Fredriksen’s Seadrill plans to delist from the New York Stock Exchange (NYSE). In March, the company received written notice…
Read More » - Europe
Fredriksen’s SFL seals newbuild VLCC deal with Landbridge
John Fredriksen’s SFL Corporation has acquired a newbuild 308,000 dwt VLCC from China’s Landbridge Group, and bareboat chartered it back…
Read More » - Asia
Seadrill drillship suffers early termination
Seadrill Partners has announced that it has received a notice of termination for the contract for which will see it…
Read More » - Dry Cargo
Fredriksen poaches Avance Gas CEO to head up Golden Ocean
John Fredriksen has found a new CEO for his dry bulk company, Golden Ocean, just over four months after Birgitte…
Read More » - Europe
Solstad and SFL terminate charter contracts for PSV pair
Norway’s Solstad Offshore and John Fredriksen’s SFL Corporation have agreed to terminate the bareboat charter agreements for 2007-built platform supply…
Read More » - Europe
SFL offloads its oldest VLCC
John Fredriksen’s SFL Corporation has announced the sale and delivery of 2002-built VLCC . The sale, to an unrelated third…
Read More » - Europe
Flex LNG carrier awarded new charter with Endesa
John Fredriksen’s Flex LNG has entered into a time charter with Spain’s Endesa for 2018-built (Samsung) LNG carrier . The…
Read More » - Europe
Fredriksen’s Northern Drilling to spin off semi-sub fleet
John Fredriksen’s rig investment company Northern Drilling, which currently has a fleet of two drillship and two semi-submersible rigs, has…
Read More » - Europe
Frontline seals $544m sale and leaseback with ICBC for Trafigura suezmaxes
John Fredriksen’s Frontline says it has struck a deal with China’s ICBC Financial Leasing for the sale-and-leaseback of ten suezmaxes…
Read More » - Europe
Gunvor takes Flex LNG newbuild on long-term charter
John Fredriksen’s Flex LNG has entered into a long-term time charter with Gunvor’s Clearlake Shipping. The vessel chartered is hull…
Read More » - Europe
Glen Ole Rødland replaces John Fredriksen as chairman of Seadrill
John Fredriksen’s Seadrill has announced the appointment of Glen Ole Rødland as chairman of the company, succeeding Fredriksen effective today.…
Read More » - Dry Cargo
Birgitte Ringstad Vartdal to leave Golden Ocean
Birgitte Ringstad Vartdal, one of the most high profile women in Norwegian shipping, has resigned from her role of CEO…
Read More » - Asia
Fredriksen cancels drillship contract at DSME
John Fredriksen’s Northern Drilling has cancelled the resale contract with South Korea’s DSME for ultra-deepwater drillship West Cobalt. The rig…
Read More » - Europe
Frontline passes on options for Trafigura suezmaxes
John Fredriksen’s Frontline says that it has elected not to exercise an option with Trafigura subsidiary Trafigura Maritime Logistics (TML)…
Read More » - Containers
Ship Finance International changes name to SFL Corporation
John Fredriksen’s Ship Finance International Limited has changed its name to SFL Corporation Ltd at the company’s annual general meeting.…
Read More » - Europe
Frontline extends options on Trafigura suezmax pair
John Fredriksen’s Frontline and Trafigura subsidiary Trafigura Maritime Logistics (TML) have agreed to extend an option for Frontline to acquire…
Read More » - Europe
Front Altair to return to service in Q4
Frontline has revealed its burnt LR2 tanker, , will resume operations in the final quarter of the year after extensive…
Read More » - Europe
Frontline takes up to 14 suezmaxes from Trafigura in cash plus shares deal
John Fredriksen’s Frontline has closed a deal with Trafigura subsidiary Trafigura Maritime Logistics (TML) to acquire 10 new Korean-built suezmax…
Read More » - Bunkering
John Fredriksen forms bunkering joint venture with Trafigura
John Fredriksen is taking IMO 2020 fuel considerations into his own hands. The Norwegian tycoon’s dry bulk and tanker companies…
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