Flex LNG Ltd has announced that it has entered into a time-charter agreement with an international energy major.
The time charter period is firm for a period of 12 months commencing end of 1Q19. The charterer also has certain extension options. The time charter rate is variable as a function of the overall market conditions.
Øystein M. Kalleklev, Chief Executive Officer, commented:
“We are pleased to announce a prompt time-charter contract with a super major for one of our vessels. 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.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22032019/flex-lng-signs-time-charter-contract-with-energy-major/