John Fredriksen's Northern Offshore 10-doubles profit

Northern Offshore, which is controlled by Norwegian-Cypriot John Fredriksen, achieved an operating profit of USD 12 million in the 1st quarter 2014.

BY OLE ANDERSEN

John Fredriksen-controlled rig company Northern Offshore 10-doubled its profit in the 1st quarter 2014 due to increased daily rates on several of the company's rigs, according to Nettavisen Stocklink.

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John Fredriksen's Northern Offshore 10-doubles profit

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Fredriksen added USD 792.4 million to his fortune in 2013

Frontline lost USD 12.1 million in the 1st quarter

Russians entering Fredriksen's Seadrill group

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Front page now

Royal Arctic Line's chief executive steps down

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

German logistics company wants to grow 250 percent by 2030

MSC chosen as strategic partner for ailing Spanish rail freight company

Seven Seas: Customers' green ambitions and actions don't align

Royal Arctic Line's chief executive steps down

Jobs