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Flex LNG turns corner and sees improved outlook

It has been a difficult run for the Norwegian LNG carrier owner but the tide appears to have turned for Flex LNG. With four vessels currently at sea and nine more to be built in South Korea’s yards, the company generated a profit in the third quarter backed by higher revenues and lower costs. The fourth quarter could be even better

LNG carrier owner’s revenues more than double in third quarter and company expects an 84% spike in the fourth quarter

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