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Flex LNG charters newbuild LNG carrier to Uniper

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 is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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