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Flex LNG executive following new loss: "A cold shower"

The first half of 2019 was a cold shower for most of the LNG market, says Flex LNG's chief executive in connection with the gas carrier's presentation of yet another deficit. However, he believes improvement might be just around the corner.

Photo: Flex LNG

In the long run, several players expect seaborne LNG to become the next big adventure within the shipping industry – in the short run, however, it remains difficult to earn money on sailing with liquefied natural gas, shows the most recent interim report from Norwegian Flex LNG, a John Fredriksen-controlled company.

In the second quarter of 2019, the NYSE-listed company booked yet another decifit. The deficit on the bottom line this quarter amounted to USD 3.9 million, bringing the deficit for the year so far to USD 7.3 million.

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