Photo credit: Flex LNG
Billionaire shipping tycoon John Fredriksen is looking to take control of Oslo-listed Flex LNG following the purchase of 12.7 million shares through his firm Geveran Trading Co. Ltd., bringing his stake in the firm to 43.3 percent, Geveran said on Friday.
“Geveran will make a mandatory offer for the remaining shares in Flex LNG within four weeks,” Geveran said in a statement.
Flex LNG has on order two 174,000 m3 liquefied natural gas carriers at Samsung Heavy Industries due for delivery in Q1 2017. The company has also successfully completed two FEED (Front End Engineering and Design) studies for floating liquefaction units (LNG Producers).
Sign up for gCaptain’s newsletter and never miss an update
Essential maritime and offshore news, insights, and updates delivered daily straight to your inbox
President Donald Trump's administration is considering softening its proposed fee on China-linked ships visiting U.S. ports after a flood of negative feedback from industries that said the idea could be economically devastating, according to six sources.
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
In a bold move amidst Russia’s intensified rocket attacks on civilian ships and Ukrainian ports, Maersk has launched a new weekly container service into Ukraine, signaling resilience in the country’s...
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Stay informed with the latest maritime and offshore news, delivered daily straight to your inbox
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up
Join The Club
