Search results for: John Fredriksen

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  • 22 September 2014

    Golar LNG Partners, a unit of Golar LNG, said that Kathrine Fredriksen has resigned from its Board of Directors. “The board would like to thank Miss Fredriksen for her service and contribution to the growth of the Partnership over the last 17 months,” the company said in a statement. Kathrine Fredriksen is the daughter of John Fredriksen, […]

  • 8 June 2005

    John Fredriksen, Norway’s wealthiest shipowner and an avid salmon fisherman, is now casting himself into the seafood business in a big way. Fredriksen’s Greenwich Holdings Ltd is buying a stake in fish-farming business Pan Fish that’s been held by Nordea Bank since Pan Fish ran into trouble a few years ago. Nordea is selling its […]

  • 29 November 2012

      After Ultrabulk and Golden Ocean Group called off their orders, Jinhai Heavy Industry could face more cancelations. John Fredriksen’s newly established company, Frontline 2012 Ltd, created after splitting of Frontline Ltd, may pull out from a deal on construction of five Very Large Crude Carriers (VLCCs) ordered in 2008 with delivery from 2010 until […]

  • 2 November 2011

    Frontline Ltd., the oil tanker operator led by Norway-born billionaire John Fredriksen, said it’s looking to sell three more 1990s-built shi… (Bloomberg) [mappress] Source: Bloomberg, November 2, 2011

  • 17 September 2010

    Shipping companies led by Norway- born billionaire John Fredriksen renegotiated the terms of orders for oil tankers and coal and iron ore carriers due to be built by a Chinese shipyard. Frontline Ltd., the world’s largest supertanker operator, and Golden Ocean Group Ltd. increased the number of vessels they are having built at Zhoushan Jinhaiwan […]

  • 28 February 2018
    Business & Finance

    John Fredriksen’s Frontline ended the year in the red amid weak rates and inventory draws.

  • 31 January 2017

    John Fredriksen-controlled Flex LNG said that Thomas Thorkildsen joined the company as senior vice president, business development.

  • 1 May 2013

    Seadrill and SapuraKencana have today completed the  the transaction to integrate Seadrill Limited’s (“Seadrill”) tender rig division into SapuraKencana Petroleum Berhad (“SapuraKencana”) The agreed upon acquisition price is for an enterprise value of US$2.9 billion, which includes cash, SapuraKencana shares, all debt in the tender rig business, and Seadrill’s future capital commitments for newbuilds. The incremental […]

  • 1 July 2015
    Business & Finance

    Belgian liquefied natural gas (LNG) carrier owner and operator Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd. Geveran and Exmar will pool their LNG assets and infrastructure under Flex LNG, in exchange for new […]

  • 24 September 2014

    John Fredriksen’s Geveran Trading has purchased about 15.5 milion shares in Flex LNG. “The Board of Directors of Flex LNG believes that Geveran’s investment in Flex LNG serves to illustrate the value potential in the company and is looking forward to a positive dialogue with Geveran as the largest shareholder of Flex LNG,” the company said in a statement […]

  • 17 March 2015
    Business & Finance

    Dry bulk specialist Knightsbridge Shipping has, through the second and final shares for vessels transaction, completed the acquisition of 12 Capesize newbuildings from John Fredriksen’s Frontline 2012. The transfer is part of a previously agreed deal to combine Frontline 2012’s remaining fleet of 25 vessels with Knightsbridge. Knightsbridge has transferred additional 31 million shares to Frontline 2012 in […]

  • 5 October 2009

    The Containership Company (TCC) is the name of a new company set up in Copenhagen, which will pick up and operate container vessels in the present market. “There is a lot of idle tonnage at the moment and we will negotiate with owners of these container vessels to purchase or operate the vessels”, says Jakob […]

  • 9 September 2010

    Ship Equip announced the signing of a major broadband communications contract with Frontline Management, world leader in the international seaborne transportation of crude oil. The agreement between Ship Equip and Frontline Management AS (NYSE:FRO) includes ships from Frontline, Golden Ocean and Knightsbridge Tankers. The Frontline group of companies, with majority owner John Fredriksen, is one […]

  • 1 July 2015
    Business & Finance

    Belgian liquefied natural gas (LNG) carrier owner and operator Exmar has agreed to integrate its LNG assets and infrastructure with those of John Fredriksen’s Geveran and Flex LNG under a new USD 2.3 billion company – Exmar LNG Ltd. Geveran and Exmar will pool their LNG assets and infrastructure under Flex LNG, in exchange for new […]

  • 31 May 2017
    Business & Finance

    After several unsuccessful attempts aimed at acquiring DHT Holdings and a couple of lawsuits against the company, Norwegian tanker owner and operator Frontline is said to be dropping its acquisition plans and eyeing another company. In an interview with the Wall Street Journal, Frontline’s CEO John Fredriksen said that “the company would likely drop” the monthslong […]

  • 29 September 2015
    Business & Finance

    John Fredriksen’s oil tanker shipping company Frontline Ltd. has requested the UK Listing Authority to delist the company from London Stock Exchange with effect from the opening of the market on November 2, 2015. Frontline has asked the UKLA to cancel the listing of all of its ordinary shares of USD 1 each listed on the […]

  • 27 November 2015

    Flex LNG, the company controlled by billionaire John Fredriksen, posted a net loss of US$0.5 million in the third quarter.

  • 16 June 2014

    Geveran Trading, indirectly controlled by trusts established by John Fredriksen, has on 16th June  purchased 12.672.164 shares in Flex LNG at a price of NOK 6,00 per share. Geveran Trading’s affiliated ownership in Flex LNG following this transaction 20.371.675 shares, constituting 16.1% percent of the issued share capital. 1 Norwegian krone =0.166736 U.S. dollars [mappress] LNG World News Staff, June […]

  • 23 November 2012

    Jinhai Heavy Industry is facing more contract cancellations. Namely, John Fredriksen’s Golden Ocean Group has cancelled two of the three newbuilding orders that were supposed to be built at subsidiary shipyard of HNA Group. Primarily, the newbuilding contracts were signed in 2010 with expected delivery in 2012. Later on, Golden Ocean Group announced the amendment […]

  • 16 January 2019
    Business & Finance

    John Fredriksen’s Frontline has increased its ownership interest in Feen Marine Scrubbers to 28.9%.

  • 24 October 2014
    Business & Finance

    Billionaire John Fredriksen increased his share in Flex LNG to 43.32%, triggering a mandatory offer for all of the shares of the London-based liquefied natural gas carrier. Fredriksen bought additional 12.7 million shares at NOK 7.75  apiece through Geveran Trading Co Ltd. Geveran plans to make a mandatory offer for the remaining shares of Flex LNG […]

  • 16 October 2020
    Infrastructure, Vessels

    Flex LNG, the shipping company controlled by billionaire John Fredriksen, has taken delivery of Flex Amber.