Flex LNG has won a new 15-year time charter agreement for the 2019-built, 173,400 cu m Flex Constellation for 15 years starting in early 2026. The contract comes with a two-year optional extension.
The ship is currently on a 10-month charter with Japan’s JERA Global Markets trader until the end of the first quarter 2025. The current charterer is a subsidiary of the new charterer.
Øystein Kalleklev, the CEO of Flex LNG, commented: “Following this agreement, Flex LNG has in total 64 years of firm backlog which may increase to 98 years in the event charterers utilise all their extension options.”
Amid weak current market conditions, Flex LNG has 11 of its 13 ships on firm time charters for the next year at an average time charter rate of close to $80,000 per day.
