Flex Lng (FLNG) has released an update.
Flex LNG announced a significant contract extension for its Flex Endeavour vessel, with the charterer exercising an option to extend the time charter by 500 days, potentially expanding the company’s firm backlog to 69 years. CEO Øystein Kalleklev expressed satisfaction with the company’s service quality, as evidenced by this being the third extension this year. Flex LNG continues to strengthen its position in the LNG shipping market with its modern, fuel-efficient fleet.
For further insights into FLNG stock, check out TipRanks’ Stock Analysis page.