Exmar's bottom line cut in half

Belgian LNG and offshore carrier Exmar saw its bottom line plummet by more than 50 percent the first half year of 2015. One key factor is a weak LNG market, explains the company, which recently signed a major cooperation agreement with John Fredriksen.

Exmar partner Flex LNG

Exmar came out of the first half year with a decline in both revenue and profits.

Turnover fell to USD 58.9 million in the first half year, down from USD 71.8 million in the same period last year. Simultaneously, the major Belgian tanker company's earnings amounted to USD 23.4 million in the first half of this year, a decline of more than 50 percent compared to the company's performance in the corresponding period of last year, which amounted to USD 52.4 million.

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