Fredriksen working around the clock to save Seadrill

Norwegian shipping magnate John Fredriksen is spending every waking hour trying to settle a rescue plan for his ailing company Seadrill, he tells Norwegian daily Dagens Næringsliv. This Wednesday morning, the share price took a new steep dive of almost 30 percent.

by LOUISE VOGDRUP-SCHMIDT

John Fredriksen is working 24/7 to save his struggling rig company Seadrill which is in the midst of rapid decline on the stock exchanges in both Oslo and in New York.

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