Fredriksen Group
- Offshore
Seadrill’s forbearance agreements with creditors expire
Forbearance agreements inked between creditors and John Fredriksen’s Seadrill expired yesterday, leaving the drilling firm exposed to legal battles if…
Read More » - Offshore
Seadrill Partners files for chapter 11
Seadrill Partners, the limited liability company formed by John Fredriksen’s Seadrill Limited has filed for chapter 11 after negotiations with…
Read More » - Tankers
Robert Macleod steps down as CEO at Frontline
Robert Hvide Macleod, one of the best known names in the tanker business, is stepping down as CEO at John…
Read More » - Offshore
CFO promoted at Seadrill
John Fredriksen-controlled Seadrill has promoted from within for its new CEO. The company’s CFO, Stuart Jackson, replaces Anton Dibowitz from…
Read More » - Gas
John Fredriksen increases stake in Avance Gas
John Fredriksen continues to increase his stake in pure-play VLGC shipowner Avance Gas with the acquisition of a substantial number…
Read More » - Operations
OSM takes over management of 51 Fredriksen vessels
John Fredriksen has struck a deal to farm out management of many of his bulk carriers and tankers to one…
Read More » - Offshore
Seadrill buys out Mermaid Maritime to take full control of Asia Offshore Drilling
John Fredriksen’s Seadrill has agreed a deal to buy out Thailand’s Mermaid Maritime to take full control of Asia Offshore…
Read More » - Europe
John Fredriksen appoints new Seatankers CEO
John Fredriksen has appointed Tor Andre Svelland as the CEO of his family holding company Seatankers. Svelland, 53, heads UK-based…
Read More » - 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 » - Europe
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 » - Europe
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.…
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