LNG shipper Golar reported a net income of $66.2 million, nearly doubling on the previous quarter’s $36.3 million.
Rising LNG production and ton-miles together with a seasonal increase in trading activity absorbed vessels resulting in improving utilization and increasing charter rates.
Fleet utilization increased from 62 percent in the second quarter to 86 percent in the third quarter, Golar LNG said in a quarterly report.
JKM and European gas prices ended the quarter up 86 percent and 43 percent respectively year-on-year, driven by strong demand from China and Korea....MORE
Here's Thompson Reuters with the "Edited Transcript of GLNG earnings conference call or presentation 5-Nov-18 3:00pm GMT":
