FT: “Fredriksen about to order VLCC newbuildings”
The Financial Times is reporting that John Fredriksen “plans to invest hundreds of millions of dollars in new ships for his latest company, in defiance of market conditions” Mr. Frederiksen told the
Search Results for: "John Fredriksen"
Seadrill gives update on planned listing of Brazilian subsidiary
John Fredriksen controlled offshore drilling contractor Seadrill has had to change the timeline of its planned listing of Brazilian subsidiary, Seabras Serviços de Petróleo S.A. (Seabras), on the BM&FBOVESPA, the São Paulo
Frontline completes restructuring
Tanker giant Frontline Ltd. says that it has successully completed the restructuring first announced December 6, 2011, backed by more than $505 million in guarantees from its largest shareholder, John Fredriksen controlled
Frontline restructuring moves ahead
Frontline Ltd., the world’s largest tanker company, today issued an update on progress with the restructuring plan it announced December 6. That plan is backed by more than $505 million in guarantees
Fredriksen gives massive backing to Frontline restructuring plan
John Fredriksen controlled Hemen Holding Ltd. is giving more than $505 million in guarantees to restructure Frontline Ltd. in a solution that will see the world’s largest tanker company carved into two.
Frontline sheds last three single-hull tankers
John Fredriksen is getting out of single-hull tanker operation. Frontline Ltd. and Ship Finance International Limited have agreed to terminate the long term charter parties for the single- hull VLCCs Titan Orion,
Fourth quarter red ink at Frontline
John Fredriksen controlled tanker giant Frontline Ltd. reported a loss of $11.8 million for the fourth quarter of 2010, equivalent to a loss per share of $0.15, compared with net income of
Freddie snaps up SeaDragon semis
John Fredriksen’s Seadrill has entered into an agreement to acquire the two ultra-deepwater semi-submersible drilling rigs, Seadragon I and Seadragon II. The total project price for the two rigs, which are currently
CMA names Angeliki Frangou as its next Commodore
The Connecticut Maritime Association (CMA) has named Angeliki Frangou, Chairman & CEO of the Navios group of companies, as its Commodore for the year 2011. Ms. Frangou follows a long succession of