John Fredriksen-backed Flex LNG has seen an extension called on one of its LNG carriers, fixing it into the first quarter of 2032. The charterer, earlier revealed as Cheniere Marketing International, a subsidiary of US LNG player Cheniere Energy, has extended the contract for the 2018-built Flex...
https://splash247.com/flex-lng-picks-up-500-day-charter-extension/
An American investor in Euronav has returned to Belgium with another lawsuit in a bid to overturn deals struck between the European tanker giant’s shareholders last year. The New York-based FourWorld Capital Management has filed a claim with Antwerp Enterprise Court seeking to declare null and void...
https://splash247.com/american-investor-takes-aim-at-euronav-again-with-new-legal-action/
Scott McReaken has decided to step down as chief executive of John Fredriksen’s Northern Drilling and its semisub rig spin-off Northern Ocean. No further details were disclosed, but both companies said they expect to announce McReaken’s replacement shortly. “On behalf of the company, I want to...
https://splash247.com/scott-mcreaken-quits-fredriksens-rig-companies/
Oslo-listed very large gas carrier (VLGC) specialist Avance Gas has struck a new one-year charter with an energy major for its LPG dual fuel . The 2022-built 91,000 cu m ship has been on a two-year variable time charter with TotalEnergies since delivery. The new contract will start at the end of...
https://splash247.com/avance-gas-seals-one-year-fixture-for-dual-fuel-vlgc/
John Fredriksen’s SFL Corporation has bagged a contract extension for one of its boxships and sealed a $65m deal to upgrade further six ships ahead of their upcoming charters. Danish liner Maersk has declared an option to keep the 2015-built 9,500 teu scrubber-fitted Maersk Sarat until mid-2025....
John Fredriksen-backed rig investment company Northern Drilling will seek permission to appeal against a ruling by a London tribunal after losing its initial claim against Hanwha Ocean, formerly DSME, over cancelled resale contracts for two ultra-deepwater drillships. The Oslo-listed company said...
https://splash247.com/fredriksen-backed-northern-drilling-readies-to-fight-hanwha-arbitration-award/
John Fredriksen’s rig investment company, Northern Drilling, has lost a legal battle with Daewoo Shipbuilding & Marine Engineering (DSME), now Hanwha Ocean, over cancelled resale contracts for two ultra-deepwater drillships. In 2021, Northern Drilling terminated deals with DSME for the West Libra...
Hong Kong-based owner Landbridge has declared a purchase option on a VLCC currently on bareboat charter from John Fredriksen’s sale-and-leaseback specialist SFL Corp. SFL picked up the 2020 Dalian-built 308,000 dwt vessel for $65m as a newbuild resale and leased it back to Landbridge with purchase...
Shipping magnate John Fredriksen has added more Euronav shares to his shopping basket lifting his stake in the Antwerp-based tanker giant to 26.46% and surpassing the Saverys family. According to the latest US Securities and Exchange Commission (SEC) filing, Fredriksen’s investment vehicle Famatown...
John Fredriksen-controlled diversified owner SFL Corporation has agreed to sell two of its ageing chemical tankers and landed a stronger price on its previously reported suezmax disposal. The New York-listed company has offloaded the 2008-built 17,000 dwt units SFL Elbe and SFL Weser, former Maria...
https://splash247.com/sfl-offloads-chemical-tankers-as-latest-suezmax-sale-fetches-higher-price/