Flex charters LNG newbuild to Gunvor

Flex charters LNG newbuild to Gunvor
Image courtesy of Flex LNG

Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, entered into a long-term time charter with Gunvor for its LNG newbuild. 

The charter deal is for a total period of 10 years with the first five years of the deal being firm.

Flex LNG noted in its statement that the vessel to serve the deal is will be the hull 2479 currently under construction at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea. Once built the vessel will be named as Flex Artemis.

Commencement of the time charter will be in connection with the delivery of the ship ex yard which is scheduled for August 2020.

The time charter will have elements of variable rate of hire across the charter period, Flex LNG said.

Hull 2479 is a 173,400-cbm LNG carrier fitted with a high-pressure two-stroke slow-speed propulsion system (ME-GI).

The vessel is also equipped with a full reliquefaction system (FRS) enabling a very high level of operational flexibility given the low boil-off rate of 0.035 percent per day.

Share this article

Follow LNG World News

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Mar 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills…

read more >

3rd CWC Japan LNG & Gas Summit

As the only commercially focused forum for the Japanese LNG industry

read more >

Cryogenic Storage Tanks

The program committee looks forward to having the opportunity for intensive, objective and professional…

read more >