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Printed by Jessica Casey,
Editor
LNG Trade,
Flex LNG Ltd has obtained discover that the charterer of Flex Brave, a brilliant main, has exercised its first extension possibility. Flex Brave was mounted on a three-year time constitution on 1 November 2021, along with Flex Resolute, which was additionally not too long ago prolonged by two years till 2027. The graduation of the time constitution for Flex Brave was February 2022. Below the time constitution, the charterer has the choice to increase the interval by two consecutive two yr intervals. Following this primary possibility declaration, Flex Brave will likely be agency till 1Q27. The charterer will then have a last possibility to increase the time constitution by one other two years till 2029.
Øystein Kalleklev, CEO of Flex LNG Administration AS, commented: “We’re happy that the charterer of Flex Brave has determined to increase the time constitution according to what was not too long ago executed for Flex Resolute. Which means earliest redelivery for the ship is 2027 the place the charterer has an additional possibility to increase her till 2029. Flex LNG has roughly 94% constitution protection for the remaining a part of 2024, so we stay effectively positioned with just one ship, Flex Constellation, coming open throughout 2Q24 which is normally when the freight market begins to tighten once more after the seasonal adjustment popping out of the winter.”
Learn the article on-line at: https://www.lngindustry.com/lng-shipping/23022024/flex-lng-receives-time-charter-extension-for-flex-courageous/
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