Flex LNG, the growing LNG shipping company with six vessels operating and seven others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, has entered into a time charter with a subsidiary of commodities firm Gunvor.

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Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipbuilder by construction contracts, said it received an order from a Greek shipping company to construct a liquefied natural gas floating storage and regasification unit.

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Daewoo Shipbuilding and Marine Engineering, one of the world’s leading builders of liquefied natural gas carriers, has lost a court case filed against its South Korean rivals over a patent for reliquefaction technology.

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Daewoo Shipbuilding and Marine Engineering of South Korea said it was awarded an order for two LNG carriers due for delivery in August 2019 and worth over $360 million to add to the multiple options sought by floating storage and regasification project company Excelerate Energy of the US.

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Samsung Heavy Industries said it won an order to build two new liquefied natural gas carriers, giving a boost to the South Korean shipyard engineering industry in the midst of a downturn.

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