John Fredriksen disposes of Seadrill shares

Shipping investor John Fredriksen continues to pare down his ownership share in the financially ailing drilling company Seadrill, which is struggling to land a rescue plan, according to Norwegian media outlets.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

Norwegian-Cypriot John Fredriksen continues to dispose of his shares in Seadrill, which he previously chaired.

Norwegian media outlets, including E24 and Finansavisen, write that Fredriksen now owns 20 percent interest in the troubled drilling company, which is working towards landing an extensive rescue plan.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs