Flex LNG agrees charter deal for its Flex Endeavour newbuild

Flex LNG agrees charter deal for its Flex Endeavour newbuild
Image courtesy of Flex LNG

Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, signed a time charter deal with Uniper Global Commodities for its LNG newbuild Flex Endeavour. 

The vessel, currently under construction at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard, has the capacity to transport 173,400 cubic meters of the chilled fuel, and features a MEGI propulsion system.

Flex LNG said that the time-charter period is for 15 to 18 months commencing immediately upon delivery of the vessel from the South Korean shipyard in January 2018.

This charter formalizes the arrangement that was agreed for the extension of the chartered-in vessel from April 2018. This arrangement brings forward the delivery date to coincide with the delivery of the vessel in the first half of January 2018.

Flex LNG adds it has fulfilled the closing conditions for the term loan facility for the first three LNG carrier newbuildings and will use the loan facility in connection with the deliveries of these vessels.

Share this article

Follow LNG World News

Events>

<< Feb 2020 >>
MTWTFSS
27 28 29 30 31 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 1

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – Houston / Feb 2020

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

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 >