Exmar believes in the LNG market following $30 mil profit

One of the shipping industry’s most active markets, the transportation of liquid natural gas (LNG), will continue its stable development, estimates the Belgian company Exmar, as do analysts following a tidy profit in 2012. In February, Exmar and Teekay will initiate an ambitious joint venture.

Photo: Hanjin

Transportation of LNG secured the Belgian publicly listed company Exmar an operating income of USD 30.5 million in 2012 compared to USD 31 million the year before.

On Friday, Exmar concluded in a financial statement that the LNG market was one of the most active segments in the shipping industry in 2012 and that the great demand in Asian countries is expected to continue, just as new gas facilities are under construction around the world.

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