March 22, 2019
Flex LNG LTD (Flex LNG or the Company – OSE:FLNG) today announce that it has entered into a time-charter agreement with an international energy major (the “Charterer”). The time charter period is firm for a period of 12 months commencing end of first quarter 2019. The Charterer also has certain extension options. The time charter rate is variable as a function of the overall market conditions.
Øystein M. Kalleklev, Chief Executive Officer, commented: “We are pleased to announce a prompt time-charter contract with a super major for one of our vessels. This contract provides full utilization with a first class charterer as well as exposure to the development of freight rates for large LNG carriers which we have a positive view on.”
For further information, please contact:
Øystein M. Kalleklev,
Chief Executive Officer
Flex LNG Management AS
Telephone: +47 23 11 40 00
About FLEX LNG LTD
Flex LNG is LNG shipping company with a fleet of next generation LNG carriers with large cargo capacity. The fleet consists of thirteen modern LNG ships, four existing and nine under construction for delivery throughout 2019-2021. All LNG carriers are equipped with slow speed, two-stroke engines MEGI or X-DF propulsion which will provide Charterers with state of the art tonnage offering significant advantages in form of reduced fuel consumption and lowered boil off rates.
Forward Looking Statements
This press release contains certain forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which it operates, sometimes identified by the words “believes”, “expects”, “intends”, “plans”, “estimates” and similar expressions. The forward-looking statements contained in this release, including assumptions, opinions and views of the Company or cited from third-party sources, are solely opinions and forecasts which are subject to risks, uncertainties and other factors that may cause actual events to differ materially from any anticipated development. The Company does not provide any assurance that that the assumptions underlying such forward-looking statements are free from errors, nor does the Company accepts any responsibility for the future accuracy of the opinions expressed in the presentation or the actual occurrence of the forecasted developments. No obligations are assumed to update any forward-looking statements or to conform to these forward-looking statements to actual results.