ShippingWatch

CEO Jo Lunder completely out of Fredriksen Group

First came a suspension for Jo Lunder, CEO of Fredriksen Group, after his arrest in relation to a corruption case. Now John Fredriksen himself confirms to Tradewinds that Jo Lunder is completely out of the group.

The now former CEO of Fredriksen Group, Jo Lunder, has been fired from his position as CEO after being arrested and involved in a corruption scandal in the Norwegian telecommunications industry, reports Norwegian newspaper Dagens Næringsliv.

According to the newspaper, John Fredriksen confirms to Tradewinds that Jo Lunder no longer is part of the company. According to the Norwegian shipowner, there has always been a clause in the contract between Jo Lunder and Fredriksen, which meant that Jo Lunder could not continue as CEO of the carrier group if he was involved in the corruption case between his former employer, Telenor, and Russian Vimpelcom where Telenor held an investment.

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
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

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs