John Fredriksen’s Frontline has boosted its tanker fleet with an acquisition of a VLCC resale and an order for two LR2 ships.
Scorpio Bulkers has started buying again scooping up six ultramaxes from Golden Ocean for $142.5m.
John Fredriksen’s flagship tanker firm Frontline expects to see attractive M&A prospects in the second half the year on the back of weaker markets.
DHT Holdings board of directors has roundly rejected Frontline’s latest takeover offer saying it is time for both companies “to turn our attentions to more productive endeavors”.
North Atlantic Drilling Ltd (NADL) has scored two 10-year jack-up rig contracts with ConocoPhilips worth an estimated $1.4bn.
Seadrill has reached a settlement with Hyundai Samho Heavy Industries (HSHI) over the cancelled semi-submersible rig West Mira.
In a continuing war of words DHT Holdings say Frontline turned down an offer to meet its co-ceos after it rejected the revised takeover proposal from the Norwegian tanker company.
John Fredriksen’s Frontline has launched a defence of its offer for DHT Holdings which has been publicly rejected.
John Fredriksen’s Frontline is looking to raise $100m from a share sale to fund vessel acquisitions.