01/02/2016at 13:04

Seadrill CEO attends weekly debt meetings with Fredriksen

The CEO of rig company Seadrill, which is at risk of running head first into a debt wall, attends meetings with major investor John Fredriksen every week in order to discuss refinancing, writes Bloomberg.

BY JOHANNES HARTKOPF-MIKKELSEN

Executive management along with the board of directors at drilling rig company Seadrill have initiated a procedure that will involve banks, bondholders and shareholders, CEO Per Wulff tells Bloomberg.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Nordea: Fredriksen's Seadrill needs USD 2.5 billion
For subscribers
Seadrill gets a breather with postponed drilling vessels
For subscribers
Fredriksen-company pulled down Oslo Stock Exchange
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

"We have seen some three-digit rates in some of the large east-west trades a couple of months back," says CEO of Hapag-Lloyd Rolf Habben Jansen on the loss-generating spot rates on the box market.

Container

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Regulation

IMO marine director calls on carriers to keep up the pace: "Time is against us"

For subscribers

Carriers

French ferry operator blames wage dumping for plunging freight volumes

For subscribers

Regulation

World economy set for weak inflation-plagued recovery, OECD warns

For subscribers

Foto: Damian Dovarganes/AP/Ritzau Scanpix

Container

Cargo volumes across the Pacific hit six-month high

For subscribers

Suppliers

Oil extends drops as US supply rumors return

Hapag-Lloyd sailing at deficits on several routes: "Spot rates are very, very low"

On several major trades, rates remain so low that carriers are losing money. And fuel has grown more expensive, says Rolf Habben Jansen.

For subscribers

Container

Major carriers focus on widely different routes

Asia-Europe remains the biggest business for the container majoers, but beyond that, the top 10 players’ networks vary greatly.

For subscribers

Regulation

IMO marine director calls on carriers to keep up the pace: "Time is against us"

Shipping shouldn’t wait for policymakers to pile on pressure, says IMO director and candidate for the soon-to-be-vacant position as secretary general.

For subscribers