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Stock impact report

Flex LNG - Time Charter for Flex Endeavour extended to 2032

FLEX LNG Ltd. Ordinary Shares (FLNG) 
Company Research Source: PR Newswire
HAMILTON, Bermuda, April 12, 2024 /PRNewswire/ -- Flex LNG, Ltd. ("Flex LNG" or the "Company") (OSE/NYSE: FLNG) is pleased to announce that the charterer of Flex Endeavour has exercised an option to extend the firm period of the Time Charter by 500 days, from the third quarter 2030 to the first quarter of 2032. As announced on November 23, 2022, in connection with the extension of three ships, the charterer has one further option to extend the Time Charter period by one additional year to 2033.Øystein Kalleklev, CEO of Flex LNG Management AS, commented:"We are glad to share another contract extension, bringing the total to three so far this year and evidencing the fact that our charterers like the service we provide. We have so far added about 4.4 years of additional firm backlog while we have been consuming about 3.6 years of backlog, thus putting us at a slight surplus in terms of contract backlog. With this extension, our total firm backlog stands at a solid 51 years, which may inc Show less Read more
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