Flex LNG’s carrier wraps up first five-year survey

Flex LNG’s 2018-built 173,400-cbm, Flex Enterprise, has left Sembcorp Marine’s Sembawang yard in Singapore after completing its first five-year special survey.

“She was leaving today March 19 and is the first LNG carrier in the Flex LNG fleet to carry out such drydocking,” Flex LNG said in a social media post.

According to the shipping firm controlled by billionaire John Fredriksen, the sister ship, Flex Endeavour, is next up scheduled for the same drydock in April.

Flex LNG said in its 2022 results report that it plans to carry out our first five-year special
surveys in 2023 for on four ships, with total off-hire days of about 80-90 days.

Besides the 2018-built Flex Enteprise and Flex Endeavour, the other two ships in question are Flex Rainbow and Flex Ranger and these vessels will undergo special surveys during the second and third quarter.

Flex LNG has 12 LNG carriers on fixed hire time charters, including to US LNG exporter Cheniere, and one ship, Flex Artemis, on a variable time charter.

The company expects its revenues to grow from $348 million in 2022 to around $370 million for 2023, driven by higher TCE earnings which the company expects to be around $80,000 per day in 2023, an improvement from the $72,800 per day delivered in 2022.

Most Popular

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Glenfarne becomes majority owner of Alaska LNG

US energy firm Glenfarne has signed definitive agreements with state-owned Alaska Gasline Development Corporation to become the majority owner of the giant Alaska LNG export project.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.

More News Like This

Flex LNG’s CEO Kalleklev resigns

Øystein Kalleklev has resigned as Flex LNG's chief executive officer. The LNG shipping company has appointed its chief commercial officer, Marius Foss, as interim CEO.

Flex LNG plans Oslo delisting

Kalleklev said during Flex LNG's earnings call on Tuesday that the decision is driven by the high costs of...

Flex LNG expects 2025 to be in line with last year

Flex LNG reported revenues of $355 million in 2024, down from $371 million in 2023 and a rise compared...

Flex seals 15-year LNG carrier charter deal

Flex LNG said on Friday the charter will start during the first or second quarter of 2026 with maturity...