Norwegian shipping magnate John Fredriksen has turned his thoughts into action and has thus acquired two million shares in drilling rig company Seadrill, according to a brief to the Oslo Stock Exchange.
The acquisition was made through Hemen Holding, which is controlled indirectly by funds established by John Fredriksen, and which is aimed at securing his family. Following the transaction, John Fredriksen owns 115,097,583 shares in Seadrill, corresponding to 23.34 percent.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Quarantine case against Thor Stadil postponed indefinitely
Shortly before the first session of court, the bankruptcy quarantine case against business man Thor Stadil has been postponed. It may be several years now before the case will be trialed at court.
Battle over three board seats may determine Euronav-Frontline merger
Thursday’s board election at tanker operator Euronav may determine the fate of the large-scale merger with Frontline. The newly elected board will have to reconfirm the merger, states Euronav CEO to ShippingWatch.
Shanghai approaches reopening – but normalcy lies further into the future
Shanghai, which has been shut down for weeks and caused chaos in logistics chains, is heading for a gradual return to normal. But it could take significantly longer before container traffic sees stability return, says shipping analyst.
DFDS postpones hydrogen ferry plan – banks on freight ships for green fuels instead
The technology available for carriers currently fits freight ships better than ferries, according to DFDS. The carrier thus expects to launch ’green’ freight vessels first and will soon choose which fuel to bank on, says top exec.
HMM doubled revenue in Q1
South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.
Senior Shipbroker 
Team Manager 
Operations Manager 
Technical Controller