Shipping magnate increases stake in Valaris

Shipping tycoon John Fredriksen's investment company acquires additional shares in US drilling firm Valaris, which recently appointed former Seadrill CEO as its new chief executive.

Photo: Ints Kalnins/Reuters/Ritzau Scanpix

by daniel logan, shippingwatch, translated by jonas sahl hollænder

Norwegian-Cypriot shipping magnate John Fredriksen's investment company has increased its shareholding in drilling firm Valaris.

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Norwegian shipping tycoon buys Valaris
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Former Seadrill boss appointed CEO of Valaris
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Valaris advances in third quarter
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