Golar LNG has canned a plan to spin-off its conventional LNG carriers into a separate vehicle with two other shipowners but is looking for an alternative means of pursuing this.
In an interim results statement today the company said: "The proposed shipping spin-off in its planned form, has, disappointingly for the Board, not yet been completed.
"This is due to a misalignment between the founding parties of the proposed newco [new company] causing Golar to withdraw from the process."
