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Flex LNG charters newbuild LNG carrier to Uniper

Flex LNG charters newbuild LNG carrier to Uniper

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Oslo-listed Flex LNG has entered into a time charter contract for newbuild LNG carrier Flex Endeavour to energy firm Uniper Global Commodities.

The 173,400 cu m Flex Endeavour is currently under construction at South Korean yard DSME. The time charter period is for 15-18 months commencing immediately upon the delivery from the shipyard in January 2018.

In addition, Flex LNG has fulfilled the closing conditions for the term loan facility for the first three of its six LNG carrier newbuildings.

“We are pleased to have secured a time-charter contract ex-yard with a first class charterer for our first newbuilding. The deal will provide Flex LNG with full utilization of the vessel from day one without idle time or costs normally associated with the maiden voyage for a newbuild LNG carrier. The charter period is in line with our chartering strategy and brings increased earnings visibility for 2018,” said Jonathan Cook, chief executive officer of Flex LNG.

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Jason Jiang

Jason worked for a number of logistics firms following his English degree, then switched this hands-on experience to writing and has since become one the most prolific writers on the diverse China logistics industry writing for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week. Jason’s access to the biggest shippers with business in China has proved an invaluable source of exclusives.

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