Golar estimates that its book cost of investment in this vessel at completion of the sale will be approximately $51.5 million and this transaction therefore represents a significant return on investment for shareholders.
In view of the fact that Golar has a number of open vessels exposed to the spot market and the company's investment plans in respect of its various LNG infrastructure projects, this transaction is seen as an opportunity to strengthen the Golar's balance sheet as well as realize a significant profit while not significantly reducing the company's future business potential.
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