Flex LNG Signs Charter Deal for LNG Carrier

Flex LNG charterIllustration; Image Courtesy: Flex LNG

Flex LNG has entered into a time-charter agreement with an international energy major for one of its LNG carriers.

As announced by the company, the time charter period is for a firm period of 12 months and will start at the end of first quarter of 2019.

The charterer also has certain extension options, the company said, adding that the time charter rate is variable as a function of the overall market conditions.

Flex LNG did not reveal the name of the charterer nor the vessel that would be utilized.

“We are pleased to announce a prompt time-charter contract with a super major for one of our vessels,” Øystein M. Kalleklev, Chief Executive Officer, commented.

“This contract provides full utilization with a first class charterer as well as exposure to the development of freight rates for large LNG carriers which we have a positive view on.”

Share this article

Follow World Maritime News

In Depth>


<< Feb 2020 >>
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 1

The 9th Annual Event Green Shiptech China Congress 2020

The 9th Annual Event- Green Shiptech China Congress 2020 will be held on next…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >