Flex LNG enters into time-charter for Flex Enterprise

Ship owner and operator Flex LNG has entered into a time-charter agreement for LNG carrier Flex Enterprise that was built in 2018.

Under the agreement, signed with gas and power utility company Enel Trade, the 173,400 cbm is on time charter for 12 months, scheduled to commence during the second half of 2019.

Enel also has the option to extend the contract by an additional 12 months subsequent to the firm period. The vessel is equipped with a MEGI propulsion.

Jonathan Cook, Chief Executive Officer of Flex LNG, said: “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,” Jonathan Cook, Chief Executive Officer, said.

“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.”

For more information, visit: www.flexling.com

7th May 2018