Shipping company Fredriksen rose 10 percent after negative Oslo Poor – E24

Shipping company Fredriksen rose 10 percent after negative Oslo Poor – E24

Shipping company John Fredriksen Golden Ocean is the clear winner in Borsen on Tuesday.

John Fredriksen Golden Ocean dry freight company had a good day at the Oslo Stock Exchange

The main index on the Oslo Stock Exchange started rising on the first trading day after Easter, but quickly turned lower.

The index closed down 0.32 percent.

John Fredriksen-dominated dry cargo shipping company Golden Ocean won in Boursen on Tuesday.

Golden Ocean’s stock closed up 10.16 percent and was among the most heavily traded shares. The market capitalization of the company is 23.1 billion Norwegian kroner. No news from the company on Tuesday.

The reason may be that US dry shipping stocks, including Golden Ocean, are up on Wall Street while the Oslo stock exchange is closed, says Anders Carlsen, shipping analyst at Kepler Cheuvreux.

Golden Ocean is listed on both Wall Street and the Oslo Stock Exchange.

Arctic Securities’ shipping analyst Lars Bastian Østereng also noted that Golden Ocean’s share has risen in the United States.

The reason why I’d like to point out is that there is more stimulus in China and the FFA (futures, editor’s note) is up more, says Oestring.

Dry freight carriers Belships and 2020 Bulkers simultaneously rose 3.21 and 1.69, respectively, in Borsen on Tuesday.

Since the exchange was last opened, there has been a bunch of news:

  • On Monday, the Philly shipyard in Acre announced that it had received an order from US authorities to build the NSMV vessel. It will be the fifth in a row. The contract value is $300 million, which is equivalent to 2.64 billion kroner. The stock closed up 5.55 percent.
  • Meltwater Inc. reported jumps in revenue in the first quarter. The company’s annual recurring revenue (ARR) grew 20 percent in the first quarter of 2022 year-over-year, to $453 million.
  • INPEX Australia has exercised a one-year use option Maersk drilling A letter from Maersk Drilling reported on Tuesday that the very deep drilling rig “Maersk” is drilling in the Ichthys field off the coast of Western Australia.
  • DNO’s total production was 106,465 boe/d from its operations in Kurdistan in the first quarter of 2022, compared to 107,472 boe/d in the same period last year. Thus DNO received $206.6 million from Kurdistan.
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Oil prices rise on Easter

Last week, the price of oil rose above 8 percent, although it fell slightly on Tuesday afternoon. At the time of writing, the price of a barrel of North Sea oil is around $108, down from about $112 earlier in the day.

Before Easter, the price fell below $100 for a while, but a number of factors contributed to the price recovery.

Information came Thursday afternoon that the European Union is working on a draft ban on oil imports from Russia. Oil was at $107 a barrel before the messages, and jumped $3 a barrel soon after.

French Minister Bruno Le Maire confirmed, on Tuesday, that the European Union is working to ban the circulation of Russian oil.

“I hope in the coming weeks we will convince our European partners to stop importing Russian oil,” Le Maire told Europe 1 radio on Tuesday.

He added that French President Emmanuel Macron supports such a measure.

Libya stops production

Lower infection pressures in China and production problems in Libya also contributed to higher oil prices, according to Nordent.

On Monday, the Libyan National Oil Authority announced force majeure, saying in a statement that it was no longer able to fulfill its contractual obligations for oil supplies from the Zueitina station or from its largest oil field, El Sharara, after it said on Sunday that it had stopped production in another area. , the elephant.

TDN Direkt writes.

On Wednesday, April 13, the Oslo Stock Exchange hit an Easter high with a new record, rising 1.43 percent to 1283.13 points.

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Once again, it was the change in the price of oil that contributed to Bursen’s being able to set a new record. The price of a barrel of North Sea oil at the close of about 106 dollars.

Dalila Awolowo

Dalila Awolowo

"Explorer. Unapologetic entrepreneur. Alcohol fanatic. Certified writer. Wannabe tv evangelist. Twitter fanatic. Student. Web scholar. Travel buff."

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