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.

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