Flex LNG Signs Deals to Buy Six New LNG Carriers

By Lefteris Karagiannopoulos OSLO, May 26 (Reuters) - Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters. The gas shipping company said earlier this year it was considering buying the six vessels, each with … [Read more...]

Fredriksen Sets Up $2 Billion LNG Powerhouse – EXMAR LNG

  By Mikael Holter (Bloomberg) -- Billionaire John Fredriksen and Exmar NV are transferring liquefied natural gas assets to Flex LNG Ltd. to create a company operating 13 vessels with an enterprise value of $2.3 billion. Antwerp-based Exmar will transfer its assets to Fredriksen- controlled Flex LNG in return for 323.7 million new shares in the company, giving it … [Read more...]

Fredriksen Eyes Flex LNG Takeover

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 … [Read more...]

Samsung Heavy Wins Major Newbuild Orders, Settles Dispute with FLEX LNG

In an exchange filing today, Samsung Heavy Industries announced the winning of contracts to build a new drillship and two LNG carriers for a total consideration of 610.3 billion KRW and 446.5 billion KRW respectively. The name of the drillship owner was not disclosed, however the LNG carriers will be built for FLEX LNG, a company who has been in a legal battle with Samsung … [Read more...]