Norwegian LNG carrier operator Flex LNG has entered into a time-charter agreement with Enel Trade, an affiliate company of Italian power company Enel Group.
The is for 12 months commencing during the second half of 2019, while Enel also has the option to extend the contract by an additional 12 months.
Flex LNG’s 173,400 cbm newbuild LNG carrier Flex Enterprise has been selected for the charter, however the company also has the option to nominate one of its sister vessels for the work.
“We are pleased to announce a time-charter agreement with Enel for one of our new MEGI vessels and we look forward to working closely with them throughout the charter period. This charter is in line with our strategy of adding incremental revenue as the market for LNG shipping continues to improve and provides important earnings visibility for the company,” said Jonathan Cook, CEO of Flex LNG.
Flex LNG has a fleet of six LNG carriers made up of two vessels on the water and four newbuildings under construction at South Korean yards with deliveries scheduled in 2018 and 2019.