Fredriksen looks at price and use of Hapag proceeds
lloydslist.com (Free subscription) | 09/10/2008
JOHN Fredriksen is focusing his attention on how the proceeds from the sale of Hapag-Lloyd will be used.
lloydslist.com (Free subscription) | 09/10/2008
JOHN Fredriksen is focusing his attention on how the proceeds from the sale of Hapag-Lloyd will be used.
lloydslist.com (Free subscription) | 10/10/2008
... after intense criticism of its recent performance — notably from shareholders such as tanker owner John Fredriksen. NOL could easily afford to buy Hapag-Lloyd, but was not prepared to meet conditions attached on jobs, or outbid the Hamburg consortium, which has the support of Klaus-Michael Kühne, majority owner of freight forwarder Kuehne+Nagel, as well as the state government and...
Reuters UK (Free subscription) | 06/10/2008
FRANKFURT, Oct 6 (Reuters) - TUI should consider postponing the sale of its container shipping unit, Hapag-Lloyd, as it would not get the desired price, a spokesman for Norwegian shipping tycoon and major TUI shareholder John Fredriksen said.
AftenPosten (Free subscription) | 24/09/2008
... told newspaper Dagens Næringsliv on Wednesday. Trøim works for Norway's wealthiest man, shipowner John Fredriksen, who has a history of risk-taking. Trøim, however, likened the purchase of Lehman stock to "gambling" that was inappropriate for what actually is a pension fund.Lehman's bankruptcy means Norway's oil fund, meant to finance pensions for future generations, faces heavy losses....
EuroInvestor.co.uk (Free subscription) | 22/09/2008
Press release from Golar LNG Limited - 22 September, 2009 Golar LNG Limited (the "Company") advises that the 2008 Annual General Meeting of the Company was held on September 19, 2008 at 10:30 a.m. at the Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda. The following resolutions were passed:1)To re-elect John Fredriksen as a Director of the Company.2)To re-elect Tor Olav...
Market Wire (Free subscription) | 22/09/2008
SOURCE: Frontline Ltd.Sep 22, 2008 07:08 ETFRO - 2008 Annual General MeetingHAMILTON, BERMUDA--(Marketwire - September 22, 2008) - Frontline Ltd. (the "Company") advises that the 2008 Annual General Meeting of the Company was held on September 19, 2008 at 10:00 a.m. at the Fairmont Hamilton Princess, 76 Pitts Bay Road, Hamilton, Bermuda. The following resolutions were passed: 1) To re-elect John...
Market Wire (Free subscription) | 16/09/2008
Chairman John Fredriksen says in a comment, "This sale and leaseback arrangement confirms the attractiveness of the Seadrill deepwater assets and associated future cash flow from already committed long-term contracts. The positive reception of this Seadrill credit and the tight pricing in a difficult banking market proves our Company's credibility and good standing in the banking market....
AftenPosten (Free subscription) | 09/09/2008
A Norwegian tanker owned by shipping tycoon John Fredriksen has become the latest target of pirates who tried to hijack it in the Gulf of Aden.
The Earth Times Online Newspaper (Free subscription) | 02/09/2008
HAMILTON, BERMUDA -- 09/02/08 -- Hemen Holdings Ltd, a company indirectly controlled by Seadrill's Chairman John Fredriksen, has settled a TRS agreements expiring September 1 and subsequent entered into a new TRS agreement with expos..
lloydslist.com (Free subscription) | 27/08/2008
JOHN Fredriksen's North Sea drilling company Seawell Norge has clinched a NKr2.5bn contract from BP to operate platform-based drilling rigs in Norway for five years starting next year.
International Herald Tribune (Free subscription) | 27/08/2008
... has repeatedly said it will not sell at an unattractive price.It was the Norwegian industrialist John Fredriksen, a major TUI shareholder, who initially pushed for the sale. Now that market conditions have deteriorated, Fredriksen wants TUI to spin off Hapag-Lloyd and issue stock to TUI shareholders.TUI opposes that action, saying that creating a second company would fail to...
Herald (Free subscription) | 21/08/2008
... after inviting bids from Golar LNG Ltd, an LNG shipper whose chairman is Norwegian billionaire John Fredriksen, and Bluewater Energy Services BV.Plans for a power station at Coega were revealed in May by Coega Development Corporation chief executive Pepi Silinga.He said at the time that discussions with the municipality and government departments on the project following the Eskom...