Thursday, September 3, 2020
Maritime News

Fredriksen Names New Investment Chief for Seatankers

OSLO, Sept 3 (Reuters) – Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio...

September 3, 2020
Total Views: 844

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: 283

Thursday, November 21, 2019
seadrill drillship
Maritime News

Fredriksen Steps Down as Seadrill’s Board Chairman

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen stepped down as chairman of Seadrill Ltd., raising the question of whether he could become less supportive of an offshore-rig company struggling...

November 21, 2019
Total Views: 16

Monday, October 22, 2018
Maritime News

Norwegian Billionaires Head for Showdown With Supply Creditors

By Mikael Holter (Bloomberg) — Billionaires Kjell Inge Rokke and John Fredriksen used the oil-market downturn to force a series of mergers on Norway’s struggling offshore supply industry. Now, they’re...

October 22, 2018
Total Views: 10

Sunday, June 10, 2018
Offshore

John Fredriksen-Run Hedge Fund Making Millions on Oil’s Recovery

  By Mikael Holter (Bloomberg) — A hedge fund run by a former associate of billionaire John Fredriksen has gained 69 percent in two years betting on shunned oil-related assets — and...

June 10, 2018
Total Views: 15

Wednesday, May 9, 2018
seadrill drillship
News

John Fredriksen’s Northern Drilling Snaps Up Newbuild Drillships on the Cheap

John Fredriksen-controlled Northern Drilling has entered into agreements to acquire two newbuild ultra-deepwater drillships from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) for the bargain price of just US...

May 9, 2018
Total Views: 16

Monday, February 26, 2018
seadrill falls
News

Seadrill Reaches Joint Restructuring Deal with Creditors

By Nerijus Adomaitis and Tom Hals OSLO/WILMINGTON, Del., Feb 26 (Reuters) – Shipping tycoon John Fredriksen has reached an agreement with a majority of creditors over a restructuring plan for oil...

February 26, 2018
Total Views: 6

Sunday, February 18, 2018
Norwegian-born shipping tycoon Fredriksen
Maritime News

Fredriksen ‘Close’ Seadrill Debt Restructuring Deal

OSLO, Feb 17 (Reuters) – Seadrill’s main owner, billionaire John Fredriksen, is close to reaching a final agreement with banks, bondholders and South Korean shipyards on a financial restructuring plan,...

February 18, 2018
Total Views: 3

Friday, December 29, 2017
Offshore

Billionaire John Fredriksen’s Battle at Sea

by Chris Hughes (Bloomberg) Shipping billionaire John Fredriksen struck a deal to save his Seadrill Ltd oil services company from collapse in 2017. Next year, he faces a fight to...

December 29, 2017
Total Views: 105

Friday, November 10, 2017
offshore drilling rigs in norway
News

Billionaire Fredriksen Raises Fresh Cash for New Rig Company

By Mikael Holter (Bloomberg) — Northern Drilling Ltd., a company set up by billionaire John Fredriksen to buy offshore drilling rigs on the cheap, raised 2.03 billion kroner ($250 million)...

November 10, 2017
Total Views: 7

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

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: 3

Thursday, March 23, 2017
Maritime News

Energy Hedge Fund Run by Former `Big Wolf’ Trader Delivers 46% Return

By Mikael Holter (Bloomberg) — Two former associates of billionaire shipping and rig tycoon John Fredriksen are delivering out-sized returns by snapping up distressed and shunned oil-related assets. And they...

March 23, 2017
Total Views: 23

Monday, March 20, 2017
Maritime News

Rival Drilling Tycoons Place Bets on Offshore Oil Rig Recovery

By Mikael Holter (Bloomberg) — Billionaire John Fredriksen and his former top adviser Tor Olav Troim may not see eye to eye anymore, but they agree on this: it’s time to...

March 20, 2017
Total Views: 26

Sunday, March 19, 2017
Fishing Net Tangled With Hawser
Finance

Fredriksen’s Fish Stocks Need Filleting Says Norway Fund

by Jonas Cho Walsgard (Bloomberg) Fish farmers will need to get more kroner out of every fish to provide the next lift for the Oslo exchange’s best-performing sector over the...

March 19, 2017
Total Views: 23

Monday, March 13, 2017
Offshore

Billionaire Fredriksen Buys ‘West Mira’ Rig, Ending Hyundai Dispute

OSLO, March 13 (Reuters) – Billionaire investor John Fredriksen has agreed to buy an oil drilling vessel from South Korean shipyard Hyundai Samho Heavy Industries, ending a lengthy dispute, rig...

March 13, 2017
Total Views: 76

Monday, February 6, 2017
Interesting

Norway’s Farstad, Solstad, and Deep Sea Supply to Merge, Creating Offshore Supply Vessel Giant

By Gwladys Fouche and Jonathan Saul OSLO/LONDON, Feb 6 (Reuters) – The pace of consolidation in the crisis-hit shipping industry accelerated on Monday after three of Norway’s biggest offshore oil...

February 6, 2017
Total Views: 101

Tuesday, October 4, 2016
seadrill drillship
News

Fredriksen Could Lend Seadrill $1.2 Billion to Restructure Debt, Sources Say

By Mikael Holter and Luca Casiraghi (Bloomberg) — Seadrill Ltd.’s billionaire chairman and largest shareholder, John Fredriksen, is willing to lend the rig company as much as $1.2 billion as part...

October 4, 2016
Total Views: 4

Wednesday, March 2, 2016
News

Billionaire John Fredriksen Calls End to Salmon Rally as Seadrill Struggles

by Mikael Holter (Bloomberg) — John Fredriksen is calling an end to the salmon rally. The Norwegian-born oil and shipping tycoon on Tuesday sold a $510 million stake in Marine...

March 2, 2016
Total Views: 5

Thursday, February 25, 2016
west gemini drillship
Maritime News

Seadrill to Address $10 Billion Debt in First Half of 2016

By Gwladys Fouche OSLO, Feb 25 (Reuters) – Rig company Seadrill, once the crown jewel in the business empire of shipping tycoon John Fredriksen, will present a refinancing plan in...

February 25, 2016
Total Views: 12