John Fredriksen Controlled News Today

Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen, has an energetic and unapologetic approach to decarbonization: he's going to do it...

Frontline CEO Lars Barstad says a merger with Euronav is “firmly off the table” following its termination in January of the planned deal.

With an equity position of 5.26%, US bank Goldman Sachs is a new major shareholder in tanker operator Frontline. The carrier is in the process of merging with Belgian Euronav.

Frontline CEO Lars H. Barstad says the forthcoming merger with Euronav is on track, and that an offer for shareholders is imminent. However, a critical and large stakeholder has the parties working with two merger scenarios.

Dry bulk carrier Golden Ocean has purchased three kamsarmax ships and sold two ultramax vessels at the same time, according to a company statement.

The Oslo-based carrier makes an upgrade to its revenue guidance for the remaining quarterly results.

Tanker operator Frontline reshuffles its board, with Tor Svelland stepping down as two new profiles enter. Svelland also resigns from the board of another Fredriksen-controlled carrier.

Robert Hvide Macleod, former chief exec of John Fredriksen’s crude oil carrier Frontline, has been suggested as new member of Norden’s board. He is the second prominent board newcomer within a short time.

Frontline is keeping a watchful eye on the situation in Ukraine. If the sanctions against Russia directly hit Russian oil, it will have a major impact on the market and create volatility, CEO Lars Barstad assesses.

John Fredriksen’s Golden Ocean has just presented its largest profit ever, and the carrier is prepared to capitalize on a long-term boom in dry bulk, tells CEO Ulrik Andersen to ShippingWatch. The second half-year of 2022 is expected to be particularly profitable.