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Flex LNG signs time-charter contract with energy major

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LNG Industry,

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.”

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