Flex CEO: spot LNG shipping rates to remain ‘poor’ for remainder of 2024

Spot LNG shipping rates will remain “poor” for the remainder of the year, but the market for longer-term demand is still “very healthy”, according to Flex LNG CEO Øystein Kalleklev. Norwegian shipping firm Flex owns 13 LNG carriers, and these vessels mostly work under fixed-term charters. The company’s vessel Flex Artemis is working on a…

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.

Jera boosts Wheatstone LNG stake

Japan’s power firm and LNG trader, Jera, has strengthened its indirect stake in the Chevron-operated Wheatstone LNG project in Australia by acquiring additional shares.

Taiwan’s CPC makes progress with Alaska LNG deal

Taiwan’s CPC Corp is making progress on buying LNG and investing in the planned Glenfarne-led Alaska LNG project, according to Taiwan's economy ministry.

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.