Flex LNG - New Time Charter for Flex Constellation
Flex LNG - New Time Charter for Flex Constellation |
[08-May-2024] |
HAMILTON, Bermuda, May 8, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce a new Time Charter agreement with a large Asian LNG importer, for the vessel, Flex Constellation. The Time Charter commenced on May 7 with a minimum period of 312 days i.e. until end of first quarter of 2025. The charterer has the option to extend the charter by an additional one-year period until end of first quarter 2026. Flex Constellation is a large 173,400 cbm LNG carrier delivered from Hanwha Ocean in South Korea to Flex LNG in June 2019. She is equipped with modern two-stroke propulsion (MEGI) and Partial Reliquification System (PRS) which enable the ship to reduce the active boil-off rate to an attractive level of 0.075%. Flex Constellation was redelivered from a three-year Time Charter at end of first quarter this year. Subsequently, she carried out her scheduled five-year special survey in drydock in Singapore on schedule and budget. Following this drydocking she has been engaged in the spot market until commencement of the new Time Charter. Øystein Kalleklev, CEO of Flex LNG Management AS, commented: Please find the updated contract overview attached. For more information please contact: About FLEX LNG Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG. This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---new-time-charter-for-flex-constellation,c3975325 The following files are available for download:
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Company Codes: Bloomberg:FLNG@NO, Bloomberg:FLNG@US, ISIN:BMG359472021, NYSE:FLNG, RICS:FLNG.A, RICS:FLNG.OL, Stockholm:FLNGO |