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Golden Ocean seeks to cut newbuilding exposure

Golden Ocean seeks to cut newbuilding exposureTony Gray - lundi 1 décembre 2008John Fredriksen's Golden Ocean is seeking to reduce its $1.6bn newbuilding exposure DRY bulk shipping specialist Golden Ocean is seeking to reduce its $1.6bn newbuilding exposure at the same time as putting together a financing package that will help the company survive a persistent downturn in the freight market....

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Golden Ocean builds up stake in Navios

A BOLD plan by Golden Ocean to consolidate the dry bulk shipping sector with a move on Navios Maritime Holdings appears to have been scuppered. The John Fredriksen-owned company is now focusing on reducing its newbuilding exposure and securing a financing package in order to help the company survive a possible persistent downturn in the freight market. Golden Ocean has built up a stake of more...

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Frontline hoards cash to support newbuilding orders

JOHN Fredriksen's company warns it is curbing dividends due to the credit crunch, to support $1.8bn newbuilding programme.

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Frontline conserves cash to support orders

JOHN Fredriksen's company warns it is curbing dividends due to the credit crunch, to support $1.8bn newbuilding programme.

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Golar LNG postpones plans to split company

JOHN Fredriksen's company has halted plans to split itself due to the credit crisis.

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Jack-up rig sector looks vulnerable, says SeaDrill

OFFSHORE drilling activity involving jack-up rigs will be reduced in 2009 because of lower oil prices and tight credit markets, said John Fredriksen’s rig company SeaDrill as it reported a 50% rise in third-quarter revenues.