Billionaire Fredriksen Builds New Rig Unit Amid Seadrill Woes

Billionaire John Fredriksen, already involved in tough talks to restructure the debt of Seadrill Ltd., is planning to register a new offshore rig company next week as he seeks to take advantage of depressed prices for the giant machines.

Billionaire Forrest Urges Iron Ore Curbs as Prices Slump

The call by the billionaire founder of the world’s fourth-biggest iron ore exporter for producers to agree to cap production will be examined by Australia’s competition regulator. ...

Billionaire Fredriksen Sails Into Three-Year Rig Storm

Billionaire John Fredriksen has sailed through troubled waters before. This time, he plans to make the most of a brutal downturn in offshore drilling amid...

Billionaire Greek Ship Owners Surface While Home Economy Sinks

More than a thousand delegates from the shipping industry gathered last month at the Hilton Athens for the Greek Shipping Forum, a day of speeches and...

Billionaire Fredriksen to Make Mandatory Bid for Flex LNG

Billionaire John Fredriksen increased his share in liquefied natural-gas carrier Flex LNG (FLNG) Ltd. to 43.3...

Billionaire Sewol company owner confirmed dead

Yoo Byung-eun, fugitive billionaire owner of the sunken Korean ferry Sewol, has been found...

China's 'ordinary' billionaire behind grand Nicaragua canal plan

Wang Jing, the enigmatic businessman behind Nicaragua\'s $50 billion Interoceanic Grand Canal, ...