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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
Must contain at least 6 characters
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading