American Shipper

Golar LNG increases stake in Korea Line

Golar LNG increases stake in Korea Line

   Golar LNG, the Nasdaq-listed liquefied natural gas tanker shipping company controlled by Norwegian shipowner John Fredriksen, has increased its stake in Korea Line from 9.9 percent to 14.6 percent.

   Korea Line is a Korean tanker shipping company.

   A statement issued by Golar LNG does not disclose the price paid by the company for the additional shareholding. Golar first acquired 9.9 percent of Korea Line last December.