Golar could look to sell fleet as spin-off hopes sputter

Golar LNG is still looking to dump its shipping business and could explore asset sales to do so.

Jefferies analyst Randy Giveans said that the Tor Olav Troim-backed company could look to sell its way out of the LNG shipping business as a spin-off of its gas carriers has been held up for months.

"Management commented that the Company is continuing to look at ways to simplify its structure through a spin [off] or asset sales," Giveans wrote in a note on Friday.