HAMILTON, Bermuda,
April 12,
2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or
the "Company") (OSE/NYSE: FLNG) is pleased to announce that the
charterer of Flex Endeavour has exercised an option to extend the
firm period of the Time Charter by 500 days, from the third quarter
2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the
extension of three ships, the charterer has one further option to
extend the Time Charter period by one additional year to 2033.
Øystein Kalleklev, CEO of Flex LNG Management AS, commented:
"We are glad to share another contract extension, bringing the
total to three so far this year and evidencing the fact that our
charterers like the service we provide. We have so far added about
4.4 years of additional firm backlog while we have been consuming
about 3.6 years of backlog, thus putting us at a slight surplus in
terms of contract backlog. With this extension, our total firm
backlog stands at a solid 51 years, which may increase to 69 years
in the event charterers are utilizing all their extension
options."
About FLEX LNG
Flex LNG is a shipping company focused on the growing market for
Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG
carriers on the water and all of our vessels are state-of-the-art
ships with the latest generation two-stroke propulsion (MEGI and
X-DF). These modern ships offer significant improvements in fuel
efficiency and thus also carbon footprint compared to the older
steam and four-stroke propelled ships. We have built up a
significant contract backlog, having 11 of our 13 vessels on long
term fixed rate charter contracts and one vessel on variable hire
time charter. Flex LNG is listed both on the New York Stock
Exchange as well as Oslo Stock Exchange under the ticker FLNG.
This information was brought to you by Cision
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CONTACT
For more information please contact:
Knut Traaholt, Chief Financial
Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: IR@flexlng.com
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SOURCE Flex LNG