Search results for: John Fredriksen

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  • 22 June 2015
    Business & Finance

    South Korean shipbuilder STX Offshore & Shipbuilding has received a firm order to build two 300,000 dwt Very Large Crude Carriers (VLCC), with four additional options, for the shipping magnate John Fredriksen. The tankers will be 300 meters long, 60 meters wide and 30 meters tall. The first two tankers will be delivered in the […]

  • 18 December 2015
    Exploration & Production

    Norwegian-born billionaire John Fredriksen has set up a company to snap up oil rigs from firms struggling with low crude prices, adopting a similar approach to the one he used in 2012 when the tanker market collapsed.

  • 2 July 2015
    Business & Finance

    Oil tanker shipping company Frontline Ltd. and Frontline 2012 Ltd. have entered into an agreement and plan of merger, pursuant to which Frontline will remain as the surviving legal entity and Frontline 2012 as a wholly-owned subsidiary. Commenting on the transaction, Chairman of Frontline Ltd. and Frontline 2012 Ltd., John Fredriksen said: “By merging Frontline […]

  • 21 November 2019
    Business & Finance, Exploration & Production

    “My close involvement and strong support of Seadrill will remain unchanged.”

  • 2 July 2015
    Business & Finance

    Oil tanker shipping company Frontline Ltd. and Frontline 2012 Ltd. have entered into an agreement and plan of merger, pursuant to which Frontline will remain as the surviving legal entity and Frontline 2012 as a wholly-owned subsidiary. Commenting on the transaction, Chairman of Frontline Ltd. and Frontline 2012 Ltd., John Fredriksen said: “By merging Frontline […]

  • 7 October 2020
    Business & Finance, Human Capital

    Robert Hvide Macleod, Chief Executive Officer of tanker major Frontline Management AS, has decided to step down from his position. Macleod is retiring after six years leading the company through often volatile market conditions. “I would like to thank Robert for his contribution to Frontline. He has led the company through a period of significant fleet growth and […]

  • 21 December 2017
    Exploration & Production

    Northern Drilling Ltd, a newcomer in the offshore drilling space, has exercised its option to buy the semi-submersible rig Bollsta Dolphin for $400 million.

  • 26 January 2016
    Business & Finance

    Oslo-based investment bank Arctic Securities AS and the John Fredriksen family’s investment company, Geveran Trading Co, are establishing a new shipbroking company, Arctic Shipping Norway AS. “With this initiative, another piece of our strategy to cover all aspects of shipping and offshore in-house in Arctic is in place,” says Mads H. Syversen, CEO at Arctic Securities. “Our ambition […]

  • 27 August 2013
    Business & Finance

    Jinhai Heavy Industry has been faced with yet another order cancellation by John Fredriksen’s Golden Ocean Group. The cancellation relates to three out of four Panamax bulkers and forms part of the company’s plan to cut down its newbuilding orderbook, SinoShip reported. What is more, Golden Ocean expects full repayment of its invested money into […]

  • 26 August 2015
    Business & Finance

    Norwegian-born oil tanker and shipping magnate John Fredriksen voiced his worries over the impact the turmoil spreading from China could have on the shipping industry. “It seems there are big problems in China,” Fredriksen said in an interview with Bloomberg in Oslo on Monday. “That’s at least not good for the shipping market.” China’s stocks […]

  • 26 August 2015
    Business & Finance

    Norwegian-born oil tanker and shipping magnate John Fredriksen voiced his worries over the impact the turmoil spreading from China could have on the shipping industry. “It seems there are big problems in China,” Fredriksen said in an interview with Bloomberg in Oslo on Monday. “That’s at least not good for the shipping market.” China’s stocks […]

  • 10 June 2016
    Business & Finance

    John Fredriksen’s oil tanker giant Frontline Ltd. revealed today that it has acquired two VLCC newbuildings under construction at Hyundai Heavy Industries at a purchase price of USD 84 million each. The vessels are due for delivery in September and November 2016. The company has also secured options for two additional sister vessels with delivery in January […]

  • 27 August 2013

    Jinhai Heavy Industry has been faced with yet another order cancellation by John Fredriksen’s Golden Ocean Group. The cancellation relates to three out of four Panamax bulkers and forms part of the company’s plan to cut down its newbuilding orderbook, SinoShip reported. What is more, Golden Ocean expects full repayment of its invested money into the […]

  • 25 August 2011

    Golar LNG Limited advises that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 300,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Director of Golar. The new expiration of the TRS agreements […]

  • 18 December 2015
    Business & Finance

    Former Chief Executive Officer of the Fredriksen Group, Jo Lunder, who got tangled up in a bribery scandal and was arrested in Norway in November will not be returning to the company, according to the shipping magnate John Fredriksen. In an interview with local media, Fredriksen said that Lunder will not be coming back to his position due to the ongoing […]

  • 26 February 2013

    Golar LNG Limited said that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 500,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Director of Golar. The new expiration of the TRS agreements […]

  • 9 May 2018
    Exploration & Production

    John Frederiksen’s Northern Drilling has entered into agreements to buy two newbuild drillships from a South Korean shipyard with an option to buy a third drillship. 

  • 27 March 2018
    Business & Finance

    Seatankers Group, a management company led by John Fredriksen, is bolstering its newbuilding investments.

  • 23 January 2018
    Business & Finance

    Seatankers Management, part of Fredriksen Group, has sold three dry bulkers.

  • 6 June 2011

      Golar LNG Limited announced that World Shipholding, which is indirectly controlled by trusts established by John Fredriksen for the benefit of his immediate family, has extended its TRS agreements relating to 200,000 shares in the Company. John Fredriksen is Chairman of the Board, President and Director of Golar. The new expiration of the TRS […]

  • 26 September 2011

    John Fredriksen, the owner of supertankers and oil rigs, remained the richest person in Norway this year after his wealth dropped …  By Meera Bhatia (Bloomberg) [mappress] Source:Bloomberg ,September 26, 2011;

  • 25 October 2017
    Exploration & Production

    Northern Drilling, a recently established offshore drilling company, has received an approval to begin trading in Oslo. At meeting on Tuesday, October 24 the Board of Oslo Børs resolved to admit the shares in Northern Drilling Ltd. to listing on Oslo Axess. Northern Drilling is an offshore drilling contractor formed by a Norwegian-born billionaire and […]