LNG

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.

Simpson Spence Young (SSY), the world's largest independent shipbroker established in London in 1880 and a key participant in the LNG business, has acquired Piraeus, Greece-based Anchor Shipbroking.

Sept 23 (LNJ) - Shipping spot charter rates for LNG carriers are little changed since last week. Spot charter rates are still between $63,500 per day and $59,500 per day in the West of Suez market for vessels of 155,000-165,000 cubic metres capacity.

   East of Suez spot charter rates are again quoted by shipbrokers at between $60,500 per day and $56,500 per day. One-year charter rates for the most modern vessels were unchanged at about $93,000 per day.

Shipbrokers in the London market reported a move to more charter activity in September as August had seen the LNG market feel very subdued on a prompt basis with notably fewer spot fixtures than in the previous month.

April 15 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased for West Of Suez by around $13,500 per day to average between $55,000 per day and $51,000 per day for vessels of 155,000-165,000 cubic metres capacity. In the East of Suez charter market average rates rose by around $4,000 per day to between $43,000 per day and $39,000 per day, according to various brokers. One-year charter rates for the most modern vessels also increased to around $61,000 per day.

Oct 22 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased over the past week by up to $20,000 per day. Rates were quoted at an average of between $85,000 per day and $95,000 per day West of Suez and at rates of between $80,000 per day and $90,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. 

July 23 (LNGJ) - Shipping charter rates for LNG carriers in the spot market increased slightly over the past week. Rates were quoted at an average of between $35,000 per day and $37,000 per day West of Suez and at rates of between $32,000 per day and $34,000 per day East of Suez for vessels of between 155,000-165,000 cubic metres capacity, according to various brokers. One-year time charters were steady for the most modern vessels and were seen at rates of around $44,000 per day.

Teekay LNG, the shipping company with almost 50 LNG carriers in its fleet, said it secured new fixed-rate charters for two of its majority-owned LNG carriers successfully refinanced its existing $225 million unsecured revolving credit facility.

Flex LNG, the growing LNG shipping company with four vessels operating and nine others on order and whose shareholders include trusts connected to Norwegian magnate John Fredriksen, reported rising third-quarter revenues of $19 million and a booming winter charter market.