Flex LNG Ltd has obtained discover that the charterer of Flex Resolute, an excellent main, has exercised its first extension possibility. Flex Resolute was mounted on a three-year time constitution on 1 November 2021, with graduation of the time constitution in January 2022. Underneath the time constitution, the charterer had choices to increase the interval by as much as 4 extra years in two-year durations. Following this selection declaration, Flex Resolute is on a set rent contract till at the least 1Q27. The charterer will then have a ultimate possibility to increase the time constitution by one other two years till 2029.
Øystein Kalleklev, CEO of Flex LNG Administration AS, commented: “We’re happy that the charterer of Flex Resolute has determined to increase the time constitution. Which means that earliest redelivery for the ship is 2027 the place the charterer has an additional possibility to increase her till 2029. Flex LNG is effectively positioned with 95% constitution protection for 2024 and about 50 years of agency backlog. We have now one ship, Flex Constellation, coming open this 12 months throughout 2Q24 when the freight market normally begins to tighten once more after the seasonal adjustment popping out of the winter.”
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/19012024/flex-lng-extends-flex-resolutes-time-charter-agreement/
You may additionally like
ECOnnect has delivered two cutting-edge jettyless IQuay models to New Fortress Power’s Quick LNG mission in Altamira, Mexico.