South Korea: Fredriksen to Acquire New Vessels for USD 610 Mln

John Fredriksen, the world’s 72nd-richest person according to Forbes magazine, has bought new vessels worth approximately $610 million. There are also clear indications that he might place new orders in the upcoming period. Six oil-product tankers were ordered from STX Offshore & Shipbuilding Co. for 235.5 billion won ($210 million).

These tankers are known as medium-range vessels, each with a carrying capacity of about 50,000 deadweight tons, hauling refined oil products such as jet or diesel fuel. Golar LNG Ltd. (GOL), whose chairman is Fredriksen, ordered $400 million worth two ships to haul liquefied natural gas from Hyundai Samho Heavy Industries Co. There is a great possibility that an order for two more ships will be placed.

The shipping billionaire is planning to buy tankers as soon as vessel prices fall. This is something he strongly believes in.

Shipbuilding Tribune Staff, February 15, 2012

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Posted on February 15, 2012

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Posidonia 2016

Posidonia is a firm fixture for the global shipping industry. Every two years it is the essential place for serious business at the largest…

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Breakbulk Europe 2016

Breakbulk Europe’s targeted programming will ensure that you develop skills and strategy to help you do your job more effectively.

New this year, will be several micro-seminars that will take place in the exhibit hall during the exhibition. And we’ll hold a series of conference sessions, featuring VIP shippers and others, over the course of the two-day exhibition.

Visit the Breakbulk Europe Exhibition, a four-day event being held at the Antwerp Expo in Antwerp, Belgium, to network and connect with over 350 exhibitors and sponsors that provide specialized services. Exhibitors and sponsors include specialized ocean carriers, freight forwarders, ports/ terminals, logistics providers, ground transportation, heavy air, export packers, equipment companies and more.

  • Over 7,200 participants attended Breakbulk Europe 2015
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  • Hear from industry experts during the conference sessions
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A two days Conference Programme will feature 30 world-class conference speakers addressing topical issues and challenges covering global…

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7th Annual International Port Security Conference

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The conference aims to bring together key decision makers in the industry to discuss modern methods of port security and provide effective learning experiences for all delegates through the carefully selected expert speaker line up.

Interacting with delegates from across the globe and hearing from industry leading experts will ensure delegates are up-to-date with high priority information that enables you to best secure your seaports, civilians and means of trade.

Topics to be discussed include terrorism, cyber terrorism, emergency intervention procedures, optimising technology use in security checks and case studies featuring some of the largest ports across the world. Our diverse range of topics will allow delegates to learn best practices for port security and understand further how other ports are resolving core challenges.

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