Oslo-based LNGC owner and manager, Flex LNG has won contract extensions for two of its LNGCs.
Flex LNG said it had received notice from the charterer, a super major, of the vessels ‘Flex Resolute’ and ‘Flex Courageous’ of the exercising of the second extension option of 730 days under the original timecharter contracts for the period 1Q27 to 1Q29 for each ship.
The charterer extended the original contracts in 2024, which comprised of three firm years, plus two two-year extension options, by adding a further three firm years for the period 1Q29 to 1Q32.
The Charterer also holds additional extension options of up to seven years per vessel from 2032.
With this announcement, both vessels will be employed on firm contract with the super major until minimum 1Q32, Flex LNG explained.
Following the exercising of these options, the fleet’s firm contract backlog is 53 years and may increase to 74 years if the charterers exercise the extension options.
In addition, the ‘Flex Constellation’ commenced a 15-year timecharter contract this month with a large Asian utility and asset backed LNG trader.
