Fredriksen Group
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Europe
Frontline raising $100m for fleet growth
John Fredriksen’s Frontline is raising $100m with a new share offering directed at institutional investors, which it says will be…
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Europe
Deep Sea Supply layups continue, 54% of fleet out of action
John Frediksen’s offshore support vessel firm Deep Sea Supply now has 20 vessels laid up, more than half its fleet.…
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Europe
Ship Finance International sells VLCC to Kunlun Shipping
John Fredriksen’s Ship Finance International Limited (SFL), which boasts a $4.3bn portfolio of maritime and offshore assets, has agreed to sell a…
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Europe
Fundraising for Ship Finance International
Ship Finance International will offer $200m worth of convertible senior notes due 2021. The notes will pay interest quarterly in…
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Europe
Golden Ocean delays six Chinese cape deliveries
John Fredriksen’s Golden Ocean, in releasing its interims today, has revealed it postponed delivery of six capesizes by seven to…
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Europe
Frontline confirms Metrostar VLCC deal
John Fredriksen’s Frontline has confirmed a deal reported by Splash earlier in the week, acquiring four VLCCs from Metrostar Management…
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Europe
Frontline takes Metrostar VLCC resale quartet for $260m
Deals are being struck left, right and centre at this year’s Posidonia, and unsurprisingly one of the biggest names of…
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Europe
Fredriksen mashes his fish and ships
Deep Sea Supply and Marine Harvest have entered into a heads of agreement to establish a 50/50 owned aquaculture shipping…
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Europe
Fredriksen pumps $275m into Frontline
John Fredriksen has stumped up $275m of his own cash as a loan for Frontline for its newbuilding program in…
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Dry Cargo
Fredriksen eyes dry bulk and offshore acquisitions on back of $510m Marine Harvest share sale
Expect John Fredriksen to make some very significant acquisitive moves in either dry bulk or offshore in the coming weeks.…
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Europe
Seadrill plans further staff cuts after shedding more than 2,300 jobs in 2015
John Fredriksen’s Seadrill has revealed during its fourth quarter results that cost cutting by the company led to the loss…
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Dry Cargo
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…
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Americas
Golden Ocean raises $200m in private placement, has plans for more
Fredriksen-led Golden Ocean has raised gross proceeds of NOK 1,718m ($200m) through a private placement of new shares, and has…
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Dry Cargo
Golden Ocean readies plans for $200m equity issue in Oslo
Golden Ocean has announced further details of the private placement of new shares it is contemplating as part of its…
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Dry Cargo
Golden Ocean takes financial measures to tide itself over during the bulk downturn
John Fredriksen’s Golden Ocean Group has amended all its bank loan facilities, further delayed newbuilds and pushed ahead with a…
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Europe
Seadrill ‘likely’ to raise $1bn in equity to cover $2.5bn funding gap
The existence of John Fredriksen’s drilling company Seadrill is being threatened by “an approaching iceberg of debt”, which will require…
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Europe
Arctic Securities and John Fredriksen form new shipbroking outfit
Arctic Securities and the John Fredriksen family’s investment company, Geveran Trading Co, are together establishing a new shipbroking company, Arctic…
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Europe
Golar LNG buys back shares from total return swap scheme
Golar LNG has bought back 500,000 shares from its total return swap (TRS) agreement, reducing its holding under the programme…
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Europe
Fredriksen chases distressed rig newbuilds
John Fredriksen is seeking to acquire distressed rig newbuilds under the wing of a new company called Sandbox. Just like…
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Europe
Fredriksen promotes daughters, ditches Lunder
John Fredriksen, 71, has made succession plans to get his daughters more involved in his diverse business empire, while officially…
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