ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Shipping in a safe position despite shaky world economy

Container carriers are facing a couple of difficult years, but otherwise the shipping industry looks set to do well despite dark clouds over the world economy, according to shipping analyst. ”Right now, most companies are making a lot of money.”

Less congestion makes dry bulk rates decline

Port congestion has eased, leading to a decrease in dry bulk rates. According to Clarksons, the development is not least due to low industrial production in China following Covid lockdowns.

MPA appoints new CEO

Quah Ley Hoon steps down as CEO of Maritime and Port Authority of Singapore at the beginning of September after around three and a half years on the post.

Latest news

See all jobs