tiprankstipranks
Flex LNG Clinches New Charter Boosting Backlog
Company Announcements

Flex LNG Clinches New Charter Boosting Backlog

Flex Lng (FLNG) has released an update.

Flex LNG Ltd. has secured a new Time Charter agreement with a major Asian LNG importer for their vessel Flex Constellation, ensuring a minimum contract term until the first quarter of 2025 with an extension option until the first quarter of 2026. This deal contributes to the company’s significant increase in firm backlog, now totaling 51 years, which could extend to 70 years if all extension options are exercised. The Flex Constellation, a modern LNG carrier with advanced fuel efficiency and reduced emissions, strengthens Flex LNG’s position in the LNG shipping market.

For further insights into FLNG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks European Auto-Generated NewsdeskFLEX LNG to Engage Investors at Marine Money 2024
TipRanks European Auto-Generated NewsdeskFlex LNG Sets Ex-Dividend Dates for Shareholders
Catie PowersFLEX LNG (FLNG) Announces Q2 Dividend: Read On for Important Dates
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Optimize your mobile reading experience. Download the TipRanks App today!