LNG

Stolt-Nielsen Ltd, the Oslo-listed and London-based owner of a small tanker fleet including for LNG through its stake in Avenir LNG, reported a second-quarter net profit of $113.3 million before an incremental loss provision of $155M related to the “MSC Flaminia” fire back in 2012.

Eastern Pacific Shipping, the Singapore-based shipping line, and Golar LNG have agreed to join forces to run a Golar spin-off initially comprising eight tri-fuel, diesel-electric LNG carrier in a firm called Cool Company Ltd.