The Panama Canal is so congested that one ship captain just paid a record $4 million to skip to the front of the line [Fortune]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Fortune
Japan's Eneos Group paid $3.975 million in an auction Wednesday to secure the crossing, bidding documents show. That comes on top of the regular transit fees companies pay, which can be hundreds of thousands of dollars more. “You are getting close to $4.5 million to use the canal, so that is pricing out a lot of ships,” Oystein Kalleklev, chief executive officer of Flex LNG Ltd. and Avance Gas Holding Ltd., said during a conference call Wednesday when asked about the state of the canal. Eneos' shipping division transports various commodities, including crude oil, liquefied petroleum gas, chemicals and bulk cargo. Eneos and the Panama Canal Authority didn't respond to a request for comment. A queue of ships waiting to use the canal has been growing in recent months amid a deep drought. To manage the situation, the canal's managing authority has announced increasingly drastic restrictions for the depleted thoroughfare. The Panama Canal Authority also holds auctions for those wish
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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