Flex LNG extends Flex Enterprise charter

Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has extended the time-charter agreement for Flex Enterprise.

With this extension, the firm period under the time charter is the end of first quarter of 2021, the company said in its statement on Wednesday.

The charterer also has remaining extension options and the time charter rate is variable as a function of the overall market conditions.

Øystein Kalleklev, CEO of Flex LNG Management commented, “Flex LNG Fleet Management took over ship management responsibilities for this ship in November 2019 so we are particularly pleased that the charterer has elected to extend this time charter.” 

Flex Enterprise is a 174,400-cbm LNG carrier built by the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) in 2018. The vessel also features MEGI propulsion technology.