Flex LNG Posts Q1 Results

Flex LNG said its cash balances at 31 March were $0.9m (2013: $4.9m) with $0.6m net outflow (2013: $1.4m) in the quarter.

In the three months in 2014 the operating cash outflow was $0.6m. The loss before tax was $0.6m (2013: $1.6m) in the quarter. In the period there was also a $0.1m cost on the option schemes, (2013: $0.1m).

In 2014 the company and Samsung Heavy Industries have been working on the vendor selection and potential design changes on the two new 174,000 m3 LNG carriers, Flex LNG said in a statement.

The companies are in addition investigating the use of 2-stroke propulsion engines for the LNG carriers and expect to reach a conclusion on this by the end of Q2 2014.

LNG World News Staff, May 30, 2014; Image: Flex LNG

 

Share this article

Follow LNG World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

American LNG Forum 2020

The American LNG Forum is your gateway to learning about the US LNG export industry,

read more >

2nd Global LNG Forum

Global LNG Forum is an exclusive networking and knowledge-sharing platform for top experts and business leaders in the industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >