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Flex LNG agrees time charter for LNG carrier

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LNG Industry,

Flex LNG Ltd has agreed a time charter agreement with a minimum firm period of three years on prompt basis for the LNG carrier Flex Constellation.

The Charterer, a leading trading house, has the option to extend the period by up to three additional years bringing the total period to six years. Flex Constellation is a 173 400 m3 LNG carrier delivered from DSME to Flex LNG in 2019. The vessel is fitted with MEGI propulsion system and Partial Reliquefaction System (PRS).

Øystein M Kalleklev, Chief Executive Officer of Flex LNG Management AS, commented: “We are pleased to announce another attractive time charter with a leading LNG player for one of our existing ships. This is very much in line with our communicated strategy of securing attractive term charters to improve our earnings visibility. With the improved freight market for LNG we think the timing now is right to execute on this strategy.”

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LNG carrier news