The Panama Canal is so clogged up that a shipping company paid $4 million to jump the line: report [Business Insider]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Business Insider
The unprecedented bid reflects the enormous strain on the canal during a period of drought. A shipping company paid a record $3.975 million to jump the line at the Panama Canal as the crucial waterway struggles through an ongoing drought, Bloomberg reported Documents seen by the outlet show that Japan's Eneos Group made what amounts to the world's largest-ever bid in an auction to expedite passage through the canal. The company will also still pay the regular passage fee, which is in the hundreds of thousands. Oystein Kalleklev, CEO of Flex LNG, said that such rates are "pricing out a lot of ships," the outlet reported. The unprecedented bid reflects the enormous strain placed on the Panama Canal during a monthslong drought. As of August, more than 200 vessels were clustered at either end of the canal, The Wall Street Journal reported The canal operates using freshwater rather than seawater, meaning that its complex system of locks is particularly affected by a lack of
Show less
Read more
Impact Snapshot
Event Time:
FLNG
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
FLNG alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
FLNG alerts
High impacting FLEX LNG Ltd. Ordinary Shares news events
Weekly update
A roundup of the hottest topics
FLNG
News
- Flex LNG (NYSE:FLNG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Flex LNG - Appointment of CEO [Yahoo! Finance]Yahoo! Finance
- Marius Foss named CEO of Flex LNG Management [Seeking Alpha]Seeking Alpha
- Flex LNG - Appointment of CEOPR Newswire
- Flex LNG (NYSE:FLNG) had its "hold (c)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
FLNG
Earnings
- 8/20/25 - Beat
FLNG
Sec Filings
- 12/5/25 - Form 6-K
- 11/12/25 - Form 424B5
- 11/12/25 - Form 6-K
- FLNG's page on the SEC website