Category: Fredriksen Group
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Frontline fixes seven VLCCs at near-$77,000 a day
Frontline fixes seven VLCCs at near-$77,000 a day Frontline has locked in one-year time charters for seven of its VLCCs at rates not seen in decades, underlining just how hot the crude tanker market has become. The New York- and Oslo-listed owner said the charters will run for 12 months, starting between late January and…
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Fredriksen goes back to Hengli for two more VLCCs
Fredriksen goes back to Hengli for two more VLCCs John Fredriksen has returned once again to China’s Hengli Shipbuilding, adding more VLCC tonnage as the shipping tycoon keeps pressing ahead with fleet renewal. Fredriksen’s private investment arm, Seatankers Management, has contracted two 306,000 dwt crude carriers at the Dalian-based yard. Chinese-listed ST Songfa confirmed that…
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Frontline refreshes VLCC fleet in $2bn overhaul
Frontline refreshes VLCC fleet in $2bn overhaul John Fredriksen’s tanker giant Frontline is rolling out a $2bn-plus VLCC fleet revamp, selling older tonnage while lining up a slate of latest-generation newbuildings. The New York- and Oslo-listed owner has agreed to sell eight first-generation VLCCs, built between 2015 and 2016, for a total consideration of $831.5m.…
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Golden Ocean snaps up eight SFL capesizes
Golden Ocean snaps up eight SFL capesizes John Fredriksen-backed dry bulk player Golden Ocean Group is taking eight capsizes out of leases from Fredriksen’s shipowning company SFL Corp. The Nasdaq- and Oslo-listed company has declared purchase options worth $112m in total in connection to the vessels’ 10-year charter-in anniversary. Delivery is expected during the third…
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Flex LNG to seek new play for redelivering vessel as charterer opts out
Flex LNG to seek new play for redelivering vessel as charterer opts out Flex LNG will have one of its ships open for hire late in the first quarter of 2025 after its current charterer decided not to use the option to extend the charter. The Oslo- and New York-listed company said in its quarterly…