Golar LNG Announces New LNG Carrier Contract
Golar LNG Limited (NASDAQ: GLNG) announced today that it has executed a time charter for one of its modern LNG carriers, the Golar Arctic, to a major Japanese trading company for a firm period of 3 years.
The charter is expected to commence in March 2012 following the end of the vessel's current charter. The annualised EBITDA contribution from the commencement of this new charter is expected to be approximately $45 million, which represents attractive returns for shareholders and is a positive indicator of the current market for LNG shipping.
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