John Fredriksen’s Northern Drilling raises $10 million for DSME arbitration

Dispute relates to terminated resale contracts for two ultra-deepwater drillships

Litigation costs: Shipping and energy tycoon John Fredriksen is a major shareholder in Northern Drilling. — Litigation costs: Shipping and energy tycoon John Fredriksen is a major shareholder in Northern Drilling.Photo: DN

Amanda Battersby

Singapore

Northern Drilling Daewoo Shipbuilding & Marine Engineering South Korea Norway Transocean

Published 5 February 2023, 15:00Updated 6 February 2023, 12:08