LNG

May 23 (LNGJ) - Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to some of the largest market players, reported a doubling of first-quarter net income to $33.2 million from $16.5M in the same three months of 2023.

   In quarterly highlights, Flex said it extended the charters by two years for the “Flex Resolute” and “Flex Courageous” until at least the first quarter of 2027 and the “Flex Endeavour” by 500 days to the first quarter of 2032. In its outlook for the second quarter, the company expected time charter equivalent rates to be between $72,000 per day and $74,000 per day.

Feb 23 (LNGJ) - Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to some of the largest market players, has seen the charterer of “Flex Courageous”, known to be BP of the UK, exercise its first extension option. The “Flex Courageous” was fixed on a three-year time charter on November 1, 2021, together with the “Flex Resolute” which was also recently extended by two years until 2027.

   “We are pleased that the charterer of ‘Flex Courageous’ has decided to extend the Time Charter in line with what was recently done for ‘Flex Resolute’. This means that earliest redelivery for the ship is 2027 where the charterer has a further option to extend her until 2029,” said Øystein Kalleklev, Chief Executive of Flex LNG Management AS. “Flex LNG has about 94 percent charter coverage for the remaining part of 2024, so we remain well positioned with only one ship, the ‘Flex Constellation’, coming open during the second quarter,” Kalleklev added.

Dec 17 (LNGJ) - The 173,400 cubic metres capacity LNG carrier “Flex Resolute” was scheduled to berth on December 23 at the UK South Hook import terminal in the Welsh port of Milford Haven carrying a shipment from the US Sabine Pass export plant on the Gulf Coast of Louisiana and which was lifted on December 11.