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John Fredriksen


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Fredriksen looks at price and use of Hapag proceeds

JOHN Fredriksen is focusing his attention on how the proceeds from the sale of Hapag-Lloyd will be used.

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NOL pulls out of Hapag-Lloyd sale

... 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...

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Investor says TUI should postpone Hapag sale -paper

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.

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More bad news for Norway's huge pension fund

... 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....

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GOLAR LNG 2008 AGM RESULTS NOTIFICATION

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...

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Frontline Ltd.: FRO - 2008 Annual General Meeting

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...

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Seadrill Limited: SDRL - New sale and leaseback transactions with Ship Finance totalling US$1.7 billion and extraordinary dividend of US$0.30 per share

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....

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Pirates attack Norwegian ship

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.

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SDRL - Mandatory notification of trade

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..

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Seawell Norge wins BP contract to operate drilling rigs

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.

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TUI in difficult spot as it tries to sell Hapag-Lloyd shipping unit

... 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...

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Giant tankers to feed power plant at Coega

... 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...