March 24 (LNGJ) - Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to the largest US exporter Cheniere Energy, has signed a new $290 million loan agreement for the refinancing of two vessels, the “Flex Freedom” with 173,400 cubic metres capacity and the “Flex Vigilant” with 174,000 cbm of capacity.
Flex said that since last month’s earnings report it had also re-financed another four ships during February and in the past 16 months the whole fleet had been refinanced. “We are pleased to have completed our approximately $2 billion refinancing process according to plan and on schedule despite the recent turmoil in the financial markets,” said Knut Traaholt, Chief Financial Officer of Flex LNG Management AS.
