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.

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