Tanker giants Frontline and Euronav to merge
A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on
John Fredriksen
Edda Wind orders three more CSOVs
Offshore wind service company Edda Wind (OSL:EWIND), Haugesund, Norway, has ordered three Commissioning Service Operation Vessels (CSOV) in addition to the six it already has under construction. On delivery of the three
Edda Wind launches Oslo IPO
Norwegian offshore wind service specialist Edda Wind, which is owned on a 50/50 basis by Wilhelmsen New Energy AS and Østensjø Wind AS, today announced it had launched its long expected Oslo
Frontline swoops on six VLCC newbuild resales
John Fredriksen controlled Frontline Ltd. (NYSE and OSE: FRO) reports that it has entered into an agreement for the resale acquisition of six latest-generation ECO-type VLCC newbuilding contracts. The six VLCCs are
Frontline reports strong quarter, postpones scrubber installations
John Fredriksen controlled tanker giant Frontline Ltd. reported first quarter results that included net income of $165.3 million compared with $40.1 million in the same quarter of 2019. “Frontline achieved its strongest
Ship Finance International acquires two big box ships
JANUARY 2, 2019 — John Fredriksen’s Ship Finance International Limited (NYSE: SFL) closed 2018 by reporting that it had acquired two 2016-built 19,400 TEU container vessels and contracted the vessels until late
Flex LNG set to acquire five under-construction newbuilds
OCTOBER 11, 2018 — Flex LNG Ltd. (OSE: FLNG) has completed a private placement raising gross proceeds of the NOK equivalent of $300 million. The private placement was significantly oversubscribed. Geveran Trading
Golden Ocean to install scrubbers on 16 Capesize bulkers
AUGUST 17, 2018 — John Fredriksen controlled dry bulk specialist Golden Ocean Group Limited announced results for the quarter ended June 30, 2018 that included net income of $9.0 million and earnings
John Fredriksen’s Frontline takes 20% stake in scrubber manufacturer
JUNE 28, 2018 — John Fredriksen’s tanker company, Frontline Ltd. (NYSE:FRO), has entered into memorandum of agreement (MOA) to take a 20% ownership stake in exhaust gas cleaning system manufacturer Feen Marine
2020 Bulkers Ltd opts to install scrubbers on newbuilds
APRIL 27, 2018 — A dry bulk shipping company launched by John Fredriksen’s former right-hand man Tor Olav Troim is opting to install exhaust gas scrubbers on its yet to be delivered