LNG

Flex LNG, the Norwegian shipping company with a fleet of 13 vessels and several chartered to the largest exporters, posted solid net income and increased vessel operating revenues with all ships available after previous dry-dockings.

March 5 (LNGJ) - Shipping charter rates for LNG carriers in the spot market dropped again this week by as much as $8,000 per day. They settled at an average of between $32,000 per day and $28,000 per day for vessels of between 155,000-165,000 cubic capacity in the West of Suez market as well as the East of Suez charter market, according to various brokers. One-year time charters for the most modern vessels were available for around $48,000 per day.