Flex LNG secures Time Charter extension for Flex Courageous and Flex Resolute by up to 10 years from 2029
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: PR Newswire
HAMILTON, Bermuda, Nov. 7, 2024 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") (NYSE: FLNG) (OSE: FLNG) is pleased to announce it has agreed with the Charterer of Flex Courageous and Flex Resolute, a Supermajor, to amend the existing Time Charter Agreements ("TC") for the two LNG carriers where the parties have agreed a new firm period from 2029 to 2032 which may be extended by an additional seven years in total until 2039.As communicated by the Company on November 1, 2021, Flex LNG and the Charterer then agreed TCs for the two ships with commencement during the first quarter of 2022 where the firm period was three years for each of the LNG carriers and where the Charterer could extend each ship by two additional two-year periods. In the event both extension options are declared, the period would thus increase to seven years under each of the TCs i.e. the TCs have a contract structure of 3 years firm plus 2+2 optional years.As further announced on January 18, 2024, and Feb
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News
- Flex LNG Ltd (FLNG) Q3 2024 Earnings Call Highlights: Strong Cash Position and Dividend Amid ... [Yahoo! Finance]Yahoo! Finance
- FLEX LNG Ltd. (NYSE: FLNG) had its "hold" rating re-affirmed by analysts at Jefferies Financial Group Inc.. They now have a $24.00 price target on the stock.MarketBeat
- Flex LNG - Third Quarter 2024 Earnings Release [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Third Quarter 2024 Earnings ReleasePR Newswire
- Flex LNG - Key information relating to the cash distribution for the third quarter 2024PR Newswire
FLNG
Earnings
- 11/12/24 - Miss
FLNG
Sec Filings
- 11/12/24 - Form 6-K
- 11/12/24 - Form 6-K
- 10/2/24 - Form F-3ASR
- FLNG's page on the SEC website