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John Fredriksen-backed Flex LNG is acquiring five newbuildings for $900m from the shipping magnate’s private vehicle Geveran Trading.

John Fredriksen’s Seadrill expects to file for Chapter 11 bankruptcy protection by 12 September to implement a restructuring plan.

John Fredriksen’s Golden Ocean has delayed the delivery of six capesize newbuildings as it reports a $107.5m first half loss.

Jo Lunder will take up position as head of the Fredriksen Group in September, managing John Fredriksen's assets and investments.

Ship Finance International has reported a $33.1m profit for the first quarter, down on Q1 2014's $40.7m which included one-off gains of around $10m.

The second and final stage of the deal between Knightsbridge and Frontline 2012 has been completed.

Ship Finance International Limited (SFL) has announced a $25.1m profit for the fourth quarter, bringing its total profit for 2014 to $122.8m.

John Fredriksen's Frontline 2012 reported a $234m profit for 2014, and has hit newbuilding market with two new suezmax orders and pair of contracts unidentified.

John Fredriksen’s Frontline is considering several restructuring alternatives as it reports a $59.6m loss in Q3.