Flex LNG charter extensions

11/07
Somewhat unusual, Flex LNG (FLNG), who are due to announce Q3 2024 results in the next week, made an announcement today. The news relates to a pair of charter extensions, plus multiple option years. The firm extensions take the term of employment thru 2032. If all the options are exercised on each vessel, the charters expire in 2039.

Flex don’t specify the charter rate. But, I would guess at least the current rate, plus possibly some type of indexed adjustment.

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