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Fredriksen has secured Flex LNG's future

Flex LNG, which does not yet operate any vessels, finished the 3rd quarter at a deficit, but major investor John Fredriksen's acquisition of a stake in the company ensures working capital for the next 18 months, says the carrier in its interim report.

Oslo-listed Flex LNG lost money in the first three quarters of the year, compared to the same period last year, where the first nine months of the year resulted in a USD 208 million profit - a figure that has now dropped to a USD 467,000 deficit this year.

Flex LNG's interim report is somewhat special, as the carrier has not yet taken delivery of any ships and thus has neither assets nor a revenue.

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