The king is gone, long live the king.

The remarkable buoyancy of Golar LNG’s stock after the withdrawal of the world’s most celebrated shipowner is being viewed as investor confidence in his long-time lieutenant.

Market observers were marvelling this week at the ability of Golar shares to gather steam after a massive sell-off by chairman John Fredriksen but quickly crediting faith in the remaining vice-chairman, Tor Olav Troim.

Golar