Fredriksen Group
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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…
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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…
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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,…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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.…
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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…
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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…
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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%.…
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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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Tankers
Barstad confirmed as Macleod’s successor at Frontline
John Fredriksen’s tanker company Frontline has decided to stick with Lars Barstad as CEO. Barstad has been acting as an…
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Dry Cargo
Golden Ocean quits cape pool
John Fredriksen’s dry bulk venture Golden Ocean has quit a cape pool it has been involved in for the last…
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Offshore
Seadrill comes up with new rescue plan
Financially troubled offshore driller Seadrill has reached an agreement with most of its lenders on a new rescue plan that…
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