• BIST 108.869
  • Altın 271,535
  • Dolar 5,7701
  • Euro 6,3816
  • İstanbul 7 °C
  • Ankara -4 °C

Golar LNG Postpones Shipping Spin-Off to 2020

Golar LNG Postpones Shipping Spin-Off to 2020
Bermuda-registered shipping company Golar LNG has delayed plans to separate its tri-fuel diesel-electric (TFDE) LNG carrier business.

Golar LNG originally intended to complete the spin-off of its TFDE fleet by the end of this year.

“The proposed shipping spin-off in its planned form, has, disappointingly for the board, not yet been completed,” Iain Ross, CEO of Golar LNG, commented.

“This is due to a misalignment between the founding parties of the proposed newco causing Golar to withdraw from the process.”

However, Ross added that the company is developing a revised structure to complete the process.

“Golar remains committed to splitting the ships into a separate vehicle and is revising the mechanism that it will use to achieve this.”

The announcement was unveiled in the company’s financial report for the third quarter of this year showing that Golar LNG suffered a net loss of USD 82.3 million, against a net income of USD 66.2 million posted in the corresponding period a year earlier.

Operating loss was USD 13.7 million in the third quarter of this year, compared to an operating income of USD 132.5 million in Q3 2018.

Total operating revenues dropped from USD 123.1 million in Q3 2018 to USD 98.7 million in Q3 2019

This news is a total 104 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |