Fredriksen Group
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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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Offshore
Rival drillers surround Seadrill assets as it looks to exit bankruptcy
Offshore drillers Noble Corporation and a Transocean-led consortium are reportedly bidding to snap up assets from their restructuring rival Seadrill.…
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Offshore
Aquadrill awarded drillship contract by Equinor
Aquadrill, formerly Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has secured a one-well contract with Equinor for the…
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Offshore
Seadrill sells jackup rig to PT Duta Marine
John Fredriksen’s offshore drilling firm Seadrill has agreed to sell its 2008-built jackup rig to Indonesia’s PT Duta Marine. The…
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Offshore
Glen Ole Rødland resigns as chairman of Seadrill
Offshore drilling contractor Seadrill said Monday that Glen Ole Rødland will be stepping down as chairman with immediate effect. Rødland…
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Offshore
Seadrill Partners emerges from chapter 11
Seadrill Partners, an affiliate of John Fredriksen’s Seadrill Limited, has emerged from chapter 11 after completing its reorganisation plan. The…
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Tankers
Frontline pays $566m for six HHI resale VLCCs
John Fredriksen’s Frontline has acquired six Central Mare VLCC tankers, currently under construction at Hyundai Heavy Industries (HHI). The company…
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Gas
Flex LNG seals three-year time charter
John Fredriksen’s Flex LNG has secured a three-year time charter for 2019-built 173,400 cbm LNG carrier . The charter, with…
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Maritime CEO
Flex LNG: Flexible by nature
Norwegian LNG shipping specialist Flex LNG is eyeing a new round of expansion, taking advantage of the promising outlook of…
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