Chinese billionaire takes another slice of Seadrill

The Chinese businessman and billionaire Tong Jinquan has bought another pile of shares in John Fredriksen's drilling company Seadrill.

BY KATRINE GRØNVALD RAUN

The company Wealthy Fountain Holdings, which is owned by the Chinese business man and billionaire Tong Jinquan, has bought another bite of John Fredriksen's drilling company Seadrill.

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Chinese billionaire takes another slice of Seadrill

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Seadrill reduced its deficit in the first quarter

Fredriksen has lost USD 3 billion on oil slide and bulk collapse

Seadrill: We'll exit the downturn a stronger company

Sign up for our newsletter

Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

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Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

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Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

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