Flex LNG Secures Charter Deal for New LNG Carrier

Flex EndeavourIllustration; Image Courtesy: Flex LNG

Oslo-listed ship owner and operator Flex LNG has entered into a time-charter agreement for its newly-built LNG carrier Flex Enterprise.

Under the agreement, signed with gas and power utility company Enel Trade, the 173,400 cbm carrier was hired for a period of 12 months, scheduled to commence during the second half of 2019.

Enel has the option to extend the contract for the vessel, which featured MEGI propulsion, by an additional 12 months subsequent to the firm period.

Flex LNG informed that it also has the option to nominate one of Flex Enterprise’ sister vessels for the work.

“We are pleased to announce a time-charter agreement with Enel for one of our new MEGI vessels and we look forward to working closely with them throughout the charter period,” Jonathan Cook, Chief Executive Officer, said.

“This charter is in line with our strategy of adding incremental revenue as the market for LNG shipping continues to improve and provides important earnings visibility for the company.”

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