John Fredriksen’s Ship Finance International is still hunting for deals after a $1.2bn spending spree in 2018.

New York-listed Ship Finance dusted off its cheque book after Seadrill restructured, completing a series of containership deals, and still has significant fire power.

This is despite the company taking a writedown on five vessels chartered to Solstad Offshore in the final three months of the year as the Oslo-listed owner looks to restructure.