Fredriksen's Flex targets expansion through $730m order at DSME

‘No secret we want to expand Flex LNG’, major shareholder says, as four-ship deal takes shape

2 March 2017 18:00 GMT Updated 2 March 2017 18:00 GMT

By Andy Pierce London; Trond Lillestolen Oslo; Lucy Hine London

John Fredriksen’s Flex LNG is in talks with DSME over a newbuilding order that could run to more than $730m.

Oslo-listed Flex, in which Fredriksen is the dominant shareholder, is in the process of contracting up to four LNG carriers at the South Korean shipbuilder, sources say. Flex is believed to be seeking two firm newbuildings with options for two more with delivery dates placed in 2019.

Fredriksen