ShippingWatch

Flex LNG lost millions of dollars in the first quarter

Gas tanker shipping company Flex LNG, owned by John Fredriksen, lost millions of US dollars in the first quarter of 2019. The company has since secured a credit facility and filed for an IPO in the US.

Photo: Ritzau Scanpix/Ints Kalnins

John Fredriksen-owned gas tanker shipping company Flex LNG's 2019 has gotten off to a rough start, with a significant decline in revenue and profit turned into deficit.

The company's bottom line shows a deficit of USD 3.4 million in the first quarter of this year against a profit of USD 15.2 million from the preceding quarter.

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