Flex LNG has entered into a time-charter agreement with an international energy major for one of its LNG carriers.
As announced by the company, the time charter period is for a firm period of 12 months and will start at the end of first quarter of 2019.
The charterer also has certain extension options, the company said, adding that the time charter rate is variable as a function of the overall market conditions.
Flex LNG did not reveal the name of the charterer nor the vessel that would be utilized.
“We are pleased to announce a prompt time-charter contract with a super major for one of our vessels,” Øystein M. Kalleklev, Chief Executive Officer, commented.
“This contract provides full utilization with a first class charterer as well as exposure to the development of freight rates for large LNG carriers which we have a positive view on.”