Fredriksen's Flex LNG sees signs of a stronger market

Gas shipping company flex LNG, controlled by John Fredriksen, sees signs of a stronger LNG market. The shipping company has secured commitment from a series of banks for a large loan to finance five newbuilds.

Topchef Øystein Kalleklev for Flex LNG. Photo: Flex LNG

Despite low gas prices, John Fredriksen's Flex LNG sees signs of a considerably stronger LNG market, says CEO Øystein Kalleklev in the company's third quarter interim report.

Flex LNG reports a profit of USD 467,000. This is a setback compared to a profit of USD 1.2 million at the same time last year, but better than the loss of USD 3.9 million booked in the second quarter this year.

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