Flex LNG eyes New York listing

Flex LNG has announced the submission of its draft registration to the US regulators for the listing of its shares on New York.

Flex LNG, which is already listed on Norway’s Oslo Stock Exchange, said in a brief announcement that “it has confidentially submitted a draft registration statement on Form 20-F to the US Securities and Exchange Commission (SEC) relating to the proposed listing of its ordinary shares on the New York Stock Exchange.”

The company, backed by shipping magnate John Fredriksen, owns a fleet of 13 modern LNG ships – four existing and nine under construction – built at Korean shipyards for delivery throughout 2019 to 2021. The ships are equipped with slow speed, two-stroke engines to offer advantages of reduced fuel consumption and lower boil-off rates, the company said.

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Posted 05 April 2019

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Lee Hong Liang

Asia Correspondent

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