Flex LNG - Announces 15-year Time Charter for Flex Constellation
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Nov. 29, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") for Flex Constellation for 15-years. Commencement of the charter will occur during the first or second quarter of 2026 with maturity in 2041. The TC also include an extension option for the charterer until 2043.Flex Constellation, built 2019, is a advanced 173,400 cbm LNG carrier with ME-GI two stroke propulsion and partial reliquefaction system (PRS) making her ideal for the current requirements. She is currently on a 10-month TC with a large Asian utility and asset backed LNG trader until end of first quarter 2025. The current charterer is a subsidiary of the new charterer. As communicated in connection with our third quarter results on November 12, the existing charterer of Flex Constellation did not exercise its one-year extension option. Hence, Flex Constellation will be open for trading spot
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FLNG
News
- Flex LNG - Company presentation December 2024PR Newswire
- With 44% ownership, FLEX LNG Ltd. (NYSE:FLNG) insiders have a lot at stake [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Announces 15-year Time Charter for Flex Constellation [Yahoo! Finance]Yahoo! Finance
- Flex LNG declares $0.75 dividend [Seeking Alpha]Seeking Alpha
- Flex LNG - Ex Date Q3 2024 [Yahoo! Finance]Yahoo! Finance
FLNG
Earnings
- 11/12/24 - Miss
FLNG
Sec Filings
- 11/29/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- FLNG's page on the SEC website