Flex LNG sets delivery date for eleventh carrier

Norwegian shipping company Flex LNG is to take delivery of another vessel boosting the fleet count to eleven.

South Korea’s Daewoo Shipbuilding & Marine Engineering will deliver the 173,000-cbm Flex Freedom in early January, Flex LNG said Tuesday.

The shipping company controlled by billionaire John Fredriksen said the vessel would be delivered in a “red hot gas market” as spot LNG prices surged to record highs ahead of winter peak in demand.

To remind, the LNG carrier completed its sea and gas trials in October.

Flex Freedom features MAN’s high pressure two-stroke slow-speed propulsion system (ME-GI) and GTT’s NO96 containment system. It also has a full reliquefaction system with a boil-off rate of 0.035% per day.

The vessel is one of the three remaining unfixed newbuildings besides Flex Volunteer and Flex Vigilance.

This will be the fifth newbuild delivery for Flex since July this year. The firm took delivery of Flex Aurora in July, followed by Flex Artemis in August, and Flex Resolute last month.

The most recent delivery, Flex Amber, joined the fleet on October 14.

Additionally, another two LNG newbuilds will join the Flex fleet by the second quarter of 2021 for a total of thirteen carriers.

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