Stocks that Float: TANKERS & DRY BULK SHIPPERS

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GLNG $21.71 GOLAR LNG Q4 2007 RESULTS
Tuesday February 26, 3:05 am ET

LONDON, NORWAY--(MARKET WIRE)--Feb 26, 2008 -- Golar LNG Limited

Highlights


- Golar reports operating income of $24.7 million and a net income of
$2.7 million for the quarter.
- Golar reports record annual 2007 operating income of $120.9 million
and net income of $136.8 million.
- Golar successfully raised $77.5 million in new equity during the
quarter to finance the acquisition of the "Granatina" and future
growth.
- Final MOU signed during the quarter in respect of the sale of the
"Golar Frost" for $231 million.
- Solid earnings from short term vessels.
- Ebisu chartered in to support short term shipping capacity.
- Golar announces a cash dividend of $0.25 per share.

NOTE: an excerpt from the report: "More recently there is now a growing interest in developing the capability to produce LNG directly onboard a floating facility; a development that mirrors the development of FPSO's in the oil industry. Several industry players have now publically announced their intention to develop and market this emerging technology."

Yahoo has the whole report available.