SeaNews Turkey - Fredriksen pledges to keep investing in tankers

Wednesday, 19.Jun.2013, 03:34 (GMT+3)

Keyword:

[Advance Search]

»	CAHIT ISTIKBAL

»	NILUFER ORAL

»	STEVE PELECANOS

»	SULEYMAN SAVAS

»	TURKISH STRAITS

»

»

»

»

»	HELLENIC SHIPPING NEWS

»	CRUISE NEWS

»	PILOTAGE&TOWAGE

»	SAFETY&SECURITY

»	Environmental

»	Towage & Salvage

»

»

»

»

TURKISH PRESS REVIEW

NEWS FROM TURKEY

»	Anatolian Agency

»	Hurriyet Daily News

»	HDAILYNEWS

INSIGHT/OPINION

SHIPBROKER REPORTS

Poll

What you expect from freight market in 2013?

	Better than 2012.
	Worse than 2012.
	Continue recovering.
	Steady up.
	Rapid rise.
	None

SHIPPING NEWS » TANKERS

Fredriksen pledges to keep investing in tankers

Fredriksen pledges to keep investing in tankers

Shipping entrepreneur John Fredriksen has promised to invest around half his fortune in the tanker sector.

Monday, 03.Jan.2011, 23:59 (GMT+3)

Shipping entrepreneur John Fredriksen has promised to invest around half his fortune in the tanker sector.

Speaking to Norwegian business daily Dagens Naeringsliv, he said that it would take a few years to bring the plan to fruition, but he said that he had confidence in the sector.

“You know what is happening out there,” he told the publication’s website, dn.n. “You know that I am an optimist. I shall invest my fortune in tankers, in any case 50% of my fortune – in a year or two.”

He declined to comment on what assets he would sell to pay for finance his plans, but as well as having the majority stake in Frontline, Fredriksen also has major stakes in the drybulk group Golden Ocean, LNG venture Golar LNG and offshore vessel businesses.

A citizen of Norway and Cyprus, Fredriksen mainly lives in London. His personal fortune is estimated to be in the region of $10 bill, according to dn.n.

Tanker Operator

Read: 3460 Times-

John Fredriksen , - Follow @SeaNews_Tr

Very bad

Bad

Average

Good

Excellent

Rating (Votes: 0)

Add your comment(Existing: 0)

COMMENTS ( 0 Existing)

Related Articles:

» Shipping magnate Paul Soros, brother of George, dies in New York at 87

» Global GDP expected to expand by 2.2pc this year: World Bank report

» Long Beach port volume increases 17.2 per cent to 583,588 TEU in May

» Port of Los Angeles throughput declines 12.9pc in May to 636,851 TEU

» HK port falls 10.5pc in May to 1.8 million TEU, Singapore up 1.4pc

» Maersk, MSC and CMA CGM plan east-west operational alliance for 2014

» BIMCO Discuss Ballast Water and Greenhouse Gases issues

» While shipping managers are optimistic, downside remains short-term

» Norway: Gunvor Ulstein Receives Tekna’s Gold Medal

» UAE: ADPC Welcomes First Shipment of Soya through Mina Zayed Port

» UK: Final Section of Giant Aircraft Carrier Sets Sail

» VIDEO: Christening Ceremony of the World’s Largest Ship

» Spain and Portugal trade box stats indicate upturn, says Goldman Sachs

» Marks & Spencers to open US$311 million DC at DP World's London Gateway

» International Chamber of Shipping welcomes IMO reprieve on ballast water

» Aida Vita cancelled Istanbul call due to revolts

» Developed countries fail to bulldoze India & others on GHG control

» MAN Engines to Power New Viking Cruise Ships

» Chongqing first quarter container volume up 29.7pc to 166,000 TEU

» Shenzhen launches carbon trading taxation pilot scheme this week

» Turkey's Piri Reis map hangs on IMO hall

» MLC 2006 Helps Secure Seafarers Same Rights in Working and Living Conditions

» Ten-years of stalling projects runs Mumbai's container port aground

» China takes steps to slow imports of recyclables, now called 'trash'

» Weifang port plans shipping centre with 100-million tonne capacity

» Containerisation of grain takes off in Australia, Canada growth slower

» Monsoon rains bring high water and more cargo to Hunan's Xiangjiang River

» TOTE’s LNG-Powered Containerships Receives Prestigious Nor-Shipping Award

» New Khalifa Port expected to transform Abu Dhabi's local economy

» US agency lobbies for permanent 10-knot speed limit to save whales

» Ports of Los Angeles and Hamburg sign five-year collaborative accord

» New dawn of reform expected for Brazilian ports: Drewry analysts

» Starved Zeebrugge ZIP terminal gets first mainline call in two years

» US retailers look to 1.1pc growth in box imports in June: Port Tracker

» Shin Kurushima Dockyard uses SmartMarine 3D solution for ship design

» Liverpool dredging starts construction of CT to dock 13,000-TEUers

» Mundra among very few Indian ports able to dock 14,000-TEU vessels

» Top shipping CIOs at INTTRA Paris conference to enhance cooperation

» BIMCO, International Chamber of Shipping oppose soaring eco costs

» Chinese steel market unlikely to revive without production cut

» Shipping: A hard life on ocean wave

» Phase 1 of King Abdullah Economic City port facility to open in Q3

» Savannah receives four new super-postpanamax Konescranes from China

» Hutchison's new Felixstowe intermodal terminal doubles rail capacity

» Wärtsilä to Retrofit AQUARIUS®UV System for LPG ‘Marola’ (Italy)

» Nor-Shipping: Ocean Industries Idea Takes Off

» Oman's new port must diversify and drop transshipment focus: Drewry

» OOCL accredited for environmental data integrity of vessel emissions

» Turkish tanker under tow after engine failure, Bay of Biscay

» ICS meets with ministers to discuss Arctic shipping

Other Articles:
	Middle East Supertanker Surplus Unchanged as Ship Demand Slows (Friday,31.12.2010)
	Dynacom invests in newbuilding resales (Friday,24.12.2010)
	Start of a Bull Market in Tanker Rates (Thursday,23.12.2010)
	Tanker companies are playing it safe as market conditions still challenging (Tuesday,21.12.2010)
	New environmental era for tanker shipping (Tuesday,21.12.2010)
	Aframax tankers profiting from cold winter says shipbroker (Tuesday,21.12.2010)

Follow @SeaNews_Tr

News in Pictures

The 366 metres long container giant MSC BEATRICE passing through the Strait of Çanakkale (Dardanelles). Photo by Ahmet Güven.

Hot News

Oil-Tanker Rates Fall Amid Speculation Ship Demand Is Slowing

Oil Tankers Climb for Second Day Amid Cargo-Supply Speculation

Oil-Tanker Rates Plunge Most Since January on Lack of Cargoes

USA: Orion Tankers Renews Comercial Agreement with ExxonMobil

Rise in global tanker rates fails to boost Indian shipping industry

Oil-Tanker Costs Rise for Third Day as Owners Seek Higher Rates

Oil-Tanker Rates Fall Most in Six Weeks as Demand Seen Stalling

PC Maritime ECDIS in 50-vessel China Shipping Group deal

Tanker Rates Extend Gains as China Auto Fuel Demand Seen Rising

Transatlantic clean rates at near 3-month high on firm trade

Copyright © 2005-2011 by Lojiturk Ltd. All rights reserved. SEANEWS is a registered trademark of LOJITURK.