Flex LNG inks time charter agreements amidst rate surge

“We are pleased to announce another pair of attractive time charter contracts, this time with an energy major," he said.

"Since April [2021] we have thus secured long term fixed hire employment for eight, possibly nine of our ships in line with our communicated strategy of securing attractive revenue backlog once the market has improved.”
“Our firm contract backlog is now about 33 years with a further 36 years of optional backlog. This highlights the attractiveness of owning and operating highly efficient ships with significantly lower carbon footprint than the older generation ships.”

With both vessels running on ME-GI engines, Flex Couragous is equipped with a partial reliquefaction system while Flex Resolute is equipped with full reliquefaction system bringing the active boil-off rate down to 0.075% and 0.035% respectively making the ship more fuel efficient for the transportation of large LNG parcels and helps reduce methane slip from the main engines.

Earlier this year Flex LNG took delivery of Flex Freedom from South Korea’s DSME and later Flex Volunteer from Hyundai Samho Heavy Industries. Flex Vigilant, the company’s 13^th LNG carrier was added in May.