LNG

Flex LNG, the growing LNG shipping company with six vessels operating and seven others on order and whose largest shareholder is a company controlled by Norwegian magnate John Fredriksen, has entered into a time charter with a subsidiary of commodities firm Gunvor.

The West-East arbitrage window from the Atlantic Basin to the Pacific Basin that some forecast would be closed until October appeared to be in the process of re-opening after European natural gas prices had briefly overtaken those for the Asian spot LNG cargo market.