By Stephen Treloar (Bloomberg) — Frontline Plc, the shipping giant controlled by billionaire John Fredriksen, gave up plans to buy Euronav NV and create the world’s largest publicly listed oil-tanker company…
https://gcaptain.com/fredriksens-frontline-walks-away-from-euronav-bid/
As the Saverys family continues to contest a merger of Euronav into Frontline, billionaire shipping investor John Fredriksen has taken a significant stake in another tanker giant, New York City headquartered International Seaways (NYSE: INSW). A May 4 filing with the SEC by Frediksen-associated Famatatown Finance, showed that following its most recent purchases, it owned 8,166,856 shares in Seaways, valued at $169.3 million.
Commentators are divided on whether Fredriksen is looking for an...
https://www.marinelog.com/legal-safety/shipping/seaways-adopts-a-poison-pill-defense/
By Alex Longley and John Martens (Bloomberg) — Two shipping magnates are battling over the creation of the world’s largest publicly listed oil tanker company. On Friday, Belgium’s Euronav NV said…
https://gcaptain.com/john-fredriksen-create-largest-tanker-company/
A tanker mega merger is in the works. Frontline Ltd, (NYSE: FRO) and Euronav (NYSE: EURN) have signed a term sheet agreeing a potential stock-for-stock combination of the two companies. Based on an exchange ratio of 1.45 FRO shares for every EURN share, it would resulting in Euronav shareholders owning approximately 59% of the combined group and Frontline shareholders owning 41%.
If the deal goes through, the combined group would continue under the name Frontline and would continue to operate...
https://www.marinelog.com/legal-safety/shipping/tanker-giants-frontline-and-euronav-to-merge/
by Captain John Konrad (gCaptain) Yesterday, while Joe Biden shutdown US ports to Russian oil, Frontline tankers (NYSE: FRO), founded by the billionaire John Fredriksen – Norway’s highest net worth…
Offshore wind service company Edda Wind (OSL:EWIND), Haugesund, Norway, has ordered three Commissioning Service Operation Vessels (CSOV) in addition to the six it already has under construction.
On delivery of the three latest newbuildings, the company will have a fleet of 11 purpose-built vessels, of which six are contracted on mid- to long term contracts with key clients like Ørsted, Vestas, Ocean Breeze, SSE and Siemens Gamesa.
“Ordering another three purpose-built CSOVs will further...
https://www.marinelog.com/news/edda-wind-orders-three-more-csovs/
Billionaire John Fredriksen’s Seatankers Group has acquired an interest in Seadrill’s rival offshore drilling contractor Valaris. The post John Fredriksen firm takes interest in Valaris appeared…
https://www.offshore-energy.biz/john-fredriksen-firm-takes-interest-in-valaris/
Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance…
https://www.offshore-energy.biz/john-fredriksen-eyes-full-control-of-avance-gas/
Robert Hvide Macleod, Chief Executive Officer of tanker major Frontline Management AS, has decided to step […] The post Frontline CEO Robert Macleod steps down appeared first on Offshore…
https://www.offshore-energy.biz/frontline-ceo-robert-macleod-steps-down/
OSLO, Sept 3 (Reuters) – Seatankers, the powerful holding company of Norwegian-born billionaire John Fredriksen, said on Thursday it had hired a veteran fund manager to broaden the group’s portfolio and bring in outside capital in a new unit. Vegard Soeraunet, until recently an investment director...