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

Glenfarne’s Texas LNG seeks DOE extension

US energy firm Glenfarne is seeking an extension from the US Department of Energy to extend the non-FTA export start deadline for its planned 4 mtpa Texas LNG export terminal in the port of Brownsville.

Petrovietnam units plan new LNG-to-power project

PV Power and PV Gas, units of state-owned Petrovietnam, signed cooperation agreements to secure gas supplies for power plants in southwestern Vietnam and explore developing an integrated liquefied natural gas (LNG) project in the northern port city of Hai Phong.

China’s GCL inks deal for second phase of Ogaden LNG project in Ethiopia

China’s GCL has signed an agreement with China Jurong Group to advance the second phase of its Ogaden LNG project in Ethiopia’s Somali region.

More News Like This

Flex LNG reports higher earnings, expects freight market to remain volatile

Norwegian LNG carrier owner Flex LNG reported higher revenues and net income in the second quarter due to high spot earnings from two vessels, while the company expects the freight market to remain volatile for the remainder of this year.

Flex secures short-term charters for two LNG carriers

Norwegian owner Flex LNG has secured short-term charter deals for two of its liquefied natural gas carriers, according to CEO Marius Foss.

Flex LNG bags new charter deal

Norwegian shipping firm Flex LNG has secured a new time charter deal for one of its LNG vessels.

Flex bags charter extensions for LNG carrier duo

Norwegian shipping firm Flex LNG has secured time charter extensions for two of its LNG vessels.