Shipowner John Fredriksen tells TradeWinds that he will continue to spend time on following up on the investment in the considerable drilling fleet of Seadrill.

The Oslo- and New York-listed company yesterday announced that Fredriksen is stepping down as chairman after having started the company 14 years ago.

Sources in the financial market in Norway say it is a very strong signal when Fredriksen decides he no longer wants to chair the rig giant.