Correction to Shipping Magnate Calls End to Oil Rout

Features Dow Jones Newswires

Seadrill Management Ltd., of which shipping magnate John Fredriksen holds 24%, faces a July 31 deadline to restructure some $10 billion of debt. "This Shipping Magnate Is Calling a Bottom in the Oil Rout," at 0535 ET, incorrectly implied Mr. Fredriksen himself was $10 billion in debt. (06/27/17)

Continue Reading Below

(END) Dow Jones Newswires

June 27, 2017 10:38 ET (14:38 GMT)