While the freight markets both in bulkers and tankers are very poor, other subsidiaries are doing very well.
By far, the most profitable is listed offshore-rig specialist Seadrill, which is currently the group’s cash machine. It has recently announced its second-quarter dividend, with Fredriksen set to receive $96.7m on his 24.6% stake through Hemen Holding. Over the last three quarters, the main shareholder stands to receive $283m in dividends from Seadrill (Seadrill results, page 45).
LNG-carrier
