Flex LNG losses at $300m

qinxingchen · 发表于 2013-2-27 21:08

Flex LNG saw a net loss of $299m in 2012, after a write-down of $285m in the fourth quarter on its FLNG newbuilding assets.

Despite the loss, the Oslo-listed floating liquefaction company said it would have sufficient working capital to operate into 2014.

Flex LNG is now embroiled in a dispute with Korean shipbuilder Samsung Heavy Industries.

Flex has requested that part of the FLNG newbuilding funds be refunded by Samsung.

Published : February 27, 2013