LNG

South Korean engineering company Trans Gas Solution and its partners in a joint project have received approval in principle from the maritime classification society Korea Register for the design of a liquefied natural gas bunkering barge.

Flex LNG Ltd, the growing LNG shipping company listed on the Oslo bourse and based in Bermuda and whose shareholders include trusts connected to Norwegian shipping magnate John Fredriksen, more than doubled first-half revenues compared with the year before, though reported a loss as it awaited more of its own ships to begin charter operations.