Flex LNG extends Flex Resolute’s time charter agreement

Flex LNG Ltd has received notice that the charterer of Flex Resolute, a super major, has exercised its first extension option. Flex Resolute was fixed on a three-year time charter on 1 November 2021, with commencement of the time charter in January 2022. Under the time charter, the charterer had options to extend the period by up to four additional years in two-year periods. Following this option declaration, Flex Resolute is on a fixed hire contract until at least 1Q27. The charterer will then have a final option to extend the time charter by another two years until 2029.