Friday, August 28, 2020
Norwegian-born shipping tycoon Fredriksen
Maritime News

John Fredriksen Taps Hedge Fund Manager Svelland to Head Seatankers

By Nerijus Adomaitis and Terje Solsvik OSLO, Aug 28 (Reuters) – Norwegian-born billionaire John Fredriksen appointed a hedge fund manager on Friday as next head of his family’s key holding...

August 28, 2020
Total Views: 278

Wednesday, November 27, 2019
frontline tanker
Maritime News

Frontline Resumes Dividend As Tanker Market Improves

by Terje Solsvik (Reuters) – Crude oil tanker firm Frontline declared its first dividend in more than two years on Wednesday and said it plans to increase the payout in...

November 27, 2019
Total Views: 12

Friday, August 23, 2019
oil tanker loading
Maritime News

Trafigura’s Big Bet on Shipping Pays Off With Frontline Deal

By Andy Hoffman (Bloomberg) — Commodities trader Trafigura Group Pte Ltd.’s big bet on shipping paid off as it agreed on a tanker sale that will give it much-needed cash...

August 23, 2019
Total Views: 13

vlcc tanker
Maritime News

Trafigura Takes Stake in Frontline

By Victoria Klesty and Terje Solsvik OSLO, Aug 23 (Reuters) – Frontline has agreed to buy 10 Suezmax oil tankers from Trafigura in a cash and share deal worth up...

August 23, 2019
Total Views: 2

Tuesday, August 13, 2019
tankers at anchor
Maritime News

Low Sulphur Fuel Giant Planned for Launch

OSLO, Aug 13 (Reuters) – Commodities trader Trafigura is joining forces with shipping firms Frontline and Golden Ocean to supply marine fuel ahead of a shake up in regulation which...

August 13, 2019
Total Views: 0

Monday, June 26, 2017
Norwegian-born shipping tycoon Fredriksen
News

Frontline Drops DHT Pursuit and Steers Away from Deals

By Ole Petter Skonnord OSLO, June 26 (Reuters) – Oslo-listed oil tanker firm Frontline has abandoned its pursuit of New York-listed rival DHT Holdings and is not working on any...

June 26, 2017
Total Views: 0

Monday, June 19, 2017
frontline tanker
Maritime News

Marshall Islands Court Dismisses Frontline’s Attempt to Stop DHT-BW Group Deal

OSLO, June 19 (Reuters) – The High Court of the Marshall Islands has dismissed with prejudice a lawsuit brought by tanker firm Frontline to stop rival DHT selling a major...

June 19, 2017
Total Views: 18

Friday, June 16, 2017
frontline tanker
Finance

Fredriksen Expects Rise In Storage Of Oil On Tankers

by Ole Petter Skonnord (Reuters) Tanker firm Frontline, controlled by billionaire investor John Fredriksen, expects a growing number of supertankers to be used for storing crude in anticipation of higher...

June 16, 2017
Total Views: 2

Wednesday, June 7, 2017
frontline tanker
News

Marshall Islands Court Rejects Frontline’s Complaint Against DHT-BW Offshore Deal

June 7 (Reuters) – Tanker firm DHT Holdings said a court in the Marshall Islands rejected Frontline Ltd’s lawsuit against DHT selling a major stake to BW Group . DHT...

June 7, 2017
Total Views: 25

Monday, May 8, 2017
Maritime News

DHT Rejects Another Bid by Rival Frontline

OSLO, May 7 (Reuters) – Tanker firm DHT Holdings rejected on Sunday a fifth takeover proposal from shipping tycoon John Fredriksen’s Frontline, calling the $500 million all-share bid “woefully inadequate”....

May 8, 2017
Total Views: 23

Thursday, April 27, 2017
Maritime News

Frontline Takes Legal Battle Over DHT to Marshall Islands

OSLO, April 27 (Reuters) – John Fredriksen’s Frontline is switching its legal battle for control of tanker operator DHT Holdings from New York to the tiny Marshall Islands after making...

April 27, 2017
Total Views: 34

Wednesday, April 26, 2017
frontline tanker
Maritime News

Frontline Launches New Offer for Rival DHT

OSLO, April 26 (Reuters) – Frontline has made a fifth offer for tanker operator DHT Holdings and given its rival 24 hours to reconsider a deal which billionaire John Fredriksen...

April 26, 2017
Total Views: 4

Thursday, April 20, 2017
BW Utik vlcc supertanker tanker
Maritime News

U.S. Court Rejects Frontline’s Last-minute Bid to Stop BW-DHT Deal

OSLO, April 20 (Reuters) – A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen’s Frontline to prevent BW Group from acquiring a major stake in rival...

April 20, 2017
Total Views: 23

Thursday, March 23, 2017
BW Utik vlcc supertanker tanker
News

BW Group Grabs Control of Tanker Firm DHT from Fredriksen’s Frontline

By Ole Petter Skonnord OSLO, March 23 (Reuters) – Privately-owned shipping firm BW Group became the top shareholder in tanker firm DHT Holdings on Thursday, in a surprise move that...

March 23, 2017
Total Views: 7

Thursday, February 9, 2017
frontline tanker
News

Frontline: DHT Offer “Highly Compelling”

OSLO, Feb 9 (Reuters) – Oil tanker firm Frontline reiterated its all-share offer for smaller rival DHT Holdings on Thursday despite the latter’s rejection. Last month Frontline made a non-binding...

February 9, 2017
Total Views: 4

Monday, February 6, 2017
dht ann vlcc supertanker
Maritime News

Tanker Firm DHT ‘Unanimously’ Rejects Frontline Takeover Offer

By Gwladys Fouche OSLO, Feb 6 (Reuters) – Tanker firm DHT Holdings unanimously rejected late on Sunday the proposed deal by rival Frontline, controlled by shipping tycoon John Fredriksen. Last...

February 6, 2017
Total Views: 0

Tuesday, January 31, 2017
dht ann vlcc supertanker
Maritime News

DHT Tankers Says Value Above Frontline’s Bid

OSLO, Jan 31 (Reuters) – Tanker firm DHT Holdings estimated its net asset value at $5.7 per share on Tuesday, above a non-binding all-share offer made by competitor Frontline ,...

January 31, 2017
Total Views: 24

Monday, January 30, 2017
frontline tanker
News

Fredriksen’s Frontline Launches Offer for DHT Holdings

John Fredriksen’s Frontline Ltd made a non-binding proposal over the weekend where Frontline would acquire all outstanding shares of common stock of U.S.-listed crude oil tanker company DHT Holdings in...

January 30, 2017
Total Views: 7

Tuesday, November 24, 2015
seadrill drillship
Maritime News

Tycoon Fredriksen’s Firms See Diverging Fortunes

By Gwladys Fouche OSLO, Nov 24 (Reuters) – Firms in Norwegian-born billionaire John Fredriksen‘s empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.8 billion in writedowns while...

November 24, 2015
Total Views: 11

Thursday, July 2, 2015
frontline tanker
News

Fredriksen Seeking Greater Tanker Market Share with New Frontline

John Fredriksen, the billionaire who made his fortune investing in crude tankers, is reuniting two businesses he split three years ago to help gain a greater share of the oil-shipping market.

July 2, 2015
Total Views: 20