Flex LNG Agrees Time Charter Agreements for Flex Courageous and Flex Resolute

Source: www.gulfoilandgas.com 11/1/2021, Location: South America

Flex LNG Ltd, has agreed two Time Charter Agreements (TC) with a minimum firm period of three (3) years for each of its two existing LNG carriers, Flex Resolute and Flex Courageous. The Charterer, an Energy Major, will have the option to extend each ship by two additional two-year periods bringing the total period to seven (7) years under each of the TCs.

Under the TCs, the vessels will be delivered to the Charterer during the first quarter of 2022 in direct continuation of their existing TCs. Both ships are large LNG carriers with ME-GI propulsion and a cargo capacity of 173,400 cbm. Furthermore, Flex Couragous is equipped with Partial Reliquefaction System while Flex Resolute is equipped with Full Reliquefaction System bringing the active boil-off rate down to 0.075% and 0.035% respectively. This makes the ship very flexible and fuel efficient for transportation of large LNG parcels with close to zero per cent methane slip from the main engines.

The TCs remain subject to final documentation and certain closing conditions.

Oystein M Kalleklev, CEO of Flex LNG Management AS, commented:
We pleased to announce another pair of attractive time charter contracts this time with an Energy Major. Since April we have thus secured long term fixed hire employment for eight, possibly nine of our ships in line with our communicated strategy of securing attractive revenue backlog once the market has improved. Our firm contract backlog is now about 33 years with a further 36 years of optional backlog. This highlights the attractiveness of owning and operating highly efficient ships with significantly lower carbon footprint than the older generation ships.


Bermuda >>  6/23/2022 - Flex LNG, Ltd. is pleased to announce new Time Charter Agreements for Flex Rainbow, Flex Enterprise and Flex Amber which are the three open positions ...
Germany >>  6/13/2022 - Avenir LNG Limited stated that Avenir Marine Limited ("Avenir Marine"), its fully owned subsidiary, has organised the first LNG and BioLNG delivery in...

Germany >>  6/12/2022 - Scandinavian Biogas has entered a long-term agreement with Alternoil for the delivery of Bio-LNG to be included in the climate-neutral fuel REEFUEL di...
Greece >>  6/7/2022 - Capital Product Partners L.P., an international owner of ocean-going vessels, announced:
The acquisition of one 174,000 cubic meter (cbm) lat...


Greece >>  6/6/2022 - EPS revealed during Posidonia that it plans to order an ammonia dual-fuel gas carrier from HHI. The vessel will be registered under the Singapore flag...
Japan >>  6/2/2022 - The technology group Wartsila has signed a long-term Guaranteed Asset Performance Agreement with Japan-based NYK LNG Ship Management. The agreement wa...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.