Billionaire Fredriksen builds new rig unit amid Seadrill woes

While Seadrill struggles amidst debt, shipping magnate John Fredriksen is already planning to register a new offshore rig company.

BY MIKAEL HOLTER, BLOOMBERG

Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take advantage of depressed prices for the giant machines.

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Norwegian shipping magnates behind new offshore giant
Seadrill addresses rumors of billion dollar loan from John Fredriksen
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Seadrill in new setback in the second quarter
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