LNG

Jan 27 - Exmar, the Belgian LNG shipping company, said its 2011 operating result (EBIT) for the LNG division was $31 million compared with $92.8M in 2010, which included $47M profit on the sale of Exmar's interest in the LNG carrier "Excalibur" and the LNGRV "Excelsior". "The LNG market was clearly the best performing of all shipping markets in 2011. The LNG spot market is enjoying record levels on the back of strong growth in LNG production in the Middle East and increased demand from Asian countries," Exmar said in its earnings statement.