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Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two...

Shipping magnate John Fredriksen expects the tanker market to remain depressed for at least two more years, but is more optimistic about the outlook for other arms of his shipping empire. The rig market looks strong for another three to five years, he says, which bodes well for Seadrill (SDRL), which has an aggressive growth strategy with 19 new rigs incoming.
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Comments (2)
  • Investor Talkroom
    , contributor
    Comments (517) | Send Message
     
    I own shares of one of his companies: Marine Harvest, bought it very low some time ago. It is the largest salmon farmer in the world, Norwegian government is the largest shareholder. Check it out very interesting company, not many publicly traded fish farmers out there.
    5 Jun 2013, 10:20 PM Reply Like
  • WKMA
    , contributor
    Comments (50) | Send Message
     
    SDRL is recommended by MSkoulsen
    5 Jun 2013, 10:30 PM Reply Like
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