LNG

Feb 27 (LNGJ) - Flex LNG, the Norwegian company whose shareholders include a fund controlled by shipping magnate John Fredriksen, reported fourth-quarter revenues of $7.9 million compared with $9.8M in the previous quarter. During the three months, it operated two chartered-in LNG carriers to build a market presence. “We are pleased to deliver profitable results for the fourth quarter as two of our chartered-in vessels were employed in charters throughout the quarter,” said Chief Executive Jonathan Cook. “In January, we successfully took delivery of the first two of our six newbuilds and secured a 15-month to 18-month time-charter for one of the vessels in line with our strategy to secure balanced fleet employment as the market continues to improve,” added Cook.