Flex LNG and Cheniere Enter into Time Charter Party Agreements
April 14, 2021
Flex LNG, Ltd. (“Flex LNG” or the “Company”) (OSE/NYSE: FLNG) announced today it has entered into time charterparty agreements with Cheniere Marketing International (“Cheniere”) for four LNG carriers with the option for a fifth LNG carrier.
Under the agreements, Flex LNG will employ newbuild Flex Vigilant which will be delivered to Cheniere ex-yard in May 2021. In addition, Flex LNG will deliver two of its existing LNG carriers to Cheniere during the third quarter of 2021, and a third existing LNG carrier during the third quarter of 2022. Cheniere will have the option to add a fifth LNG carrier from Flex LNG’s existing fleet during the third quarter of 2022. The firm charter period for each of the four initial LNG carriers is between three and three and a half years, with an option for Cheniere to extend each by up to two additional years.
Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS, commented:
“We are very pleased to enter into these agreements with Cheniere. The agreements secure attractive employment for four, possibly five, of our ships with a first-class charterer. Our large and energy efficient ships are particularly well suited for their long-haul trade and align with Cheniere’s efforts to secure required shipping capacity while improving the environmental performance of their overall fleet. Hence, this agreement makes very much sense for both parties, so we look forward to further developing our relationship in the years to come. Lastly, these contracts add substantial revenue backlog to our Company which is in line with our communicated strategy of securing attractive term-employment for our ships when we think the time is right.”
All existing Flex LNG ships are large LNG carriers with a cargo capacity of approximately 173,400 to 174,000 cubic meters (CBM) and fitted with efficient dual-fuel two-stroke propulsion (MEGI/XDF). This makes the ships particularly ideal for large parcel, long haul transportation with the industry’s lowest carbon footprint and unit transportation cost.
The Time Charter Party Agreements remain subject to final documentation and certain closing conditions in connection with the delivery and acceptance of the LNG carriers to Cheniere.
About FLEX LNG LTD
Flex LNG is shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of twelve LNG carriers on the water and one remaining newbuildings for delivery in May 2021. All our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offers significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed both on the New York Stock Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker “FLNG”.
Flex LNG Contact Information
Øystein M. Kalleklev, Chief Executive Officer of Flex LNG Management AS
+47 23 11 40 00
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire
Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire
Equinor ASA: Generalforsamlingen vedtok utbytte på USD 0,12 per aksje for fjerde kvartal 202011.5.2021 20:32:22 CEST | Pressemelding
Generalforsamlingen i Equinor ASA (OSE: EQNR, NYSE: EQNR) godkjente 11. mai 2021 styrets forslag til årsregnskap og årsberetning for Equinor ASA for 2020. Årsregnskap og årsberetning for Equinor ASA og for konsernet for 2020 ble godkjent, og det utdeles et utbytte på 0,12 amerikanske dollar per aksje for fjerde kvartal 2020. Utbyttet for fjerde kvartal 2020 tilfaller aksjeeiere som er registrert i Equinors aksjeeierregister i verdipapirsentralen (VPS) per utløpet av 14. mai 2021 (”Eierregisterdatoen”). Forutsatt ordinært oppgjør i VPS innebærer dette at man må være aksjeeier per 11. mai 2021 for å ha rett til utbytte. Utbytte til rettighetshavere under ADR-programmet (American Depository Receipts) i USA tilfaller også rettighetshavere per 11. mai 2021. Aksjene vil bli handlet eks. utbytte på Oslo Børs fra og med 12. mai 2021. På New York Stock Exchange vil ADR’er bli handlet eks. utbytte fra og med 13. mai 2021. Aksjeeiere med aksjer som handles på Oslo Børs vil motta sitt utbytte i no
Equinor ASA: Annual general meeting approved dividend of USD 0.12 per share for fourth quarter 202011.5.2021 20:32:22 CEST | Press release
On 11 May 2021, the annual general meeting (AGM) of shareholders in Equinor ASA (OSE: EQNR, NYSE: EQNR) approved the annual report and accounts for Equinor ASA for 2020, as proposed by the board of directors. The annual accounts and the annual report for Equinor ASA and the Equinor group for 2020 were approved, and a dividend of US dollar (”USD”) 0.12 per share will be distributed for the fourth quarter of 2020. The fourth quarter 2020 dividend accrues to the shareholders as registered in Equinor’s shareholder register with the Norwegian Central Securities Depository (VPS) as of expiry of 14 May 2021 (the ”Record Date”). Subject to ordinary settlement in VPS, this implies that the right to dividend accrues to shareholders as of 11 May 2021. For US ADR (American Depository Receipts) holders, dividend accrues also as of 11 May 2021. The shares will be traded ex-dividend on the Oslo Stock Exchange (Oslo Børs) from and including 12 May 2021. On New York Stock Exchange, the ADRs will trade
Kommuniké från årsstämma i Corline Biomedical AB (publ)11.5.2021 19:47:30 CEST | Pressemelding
Idag den 11 maj 2021 hölls årsstämma i Corline Biomedical AB (publ). Nedan följer en sammanfattning av de beslut som fattades. Samtliga beslut fattades enhälligt. Fastställande av resultat Bolagsstämman fastställde resultat- och balansräkningarna och beslutade, i enlighet med styrelsens förslag, att resultatet enligt den fastställda resultaträkningen skulle överföras i ny räkning. Någon utdelning lämnas inte. Ansvarsfrihet Bolagsstämman beviljade styrelseledamöterna och verkställande direktören ansvarsfrihet för förvaltningen av Bolagets angelägenheter under räkenskapsåret 2020. Något beslut fattades emellertid inte avseende styrelseordföranden, då han – som enda röstande på bolagsstämman – inte kunde rösta om den egna ansvarsfriheten. Fastställande av antalet styrelseledamöter, styrelsesuppleanter och antalet revisorer Stämman beslutade att styrelsen ska bestå av fem (5) styrelseledamöter samt en (1) styrelsesuppleant. Vidare beslutades att bolaget ska fortsätta ha ett registrerat rev
TGS-NOPEC Geophysical Company ASA (TGS) - Annual General Meeting Held11.5.2021 18:44:31 CEST | Press release
OSLO, Norway (11 May 2021) - The Annual General Meeting of TGS was held on 11 May 2021. All resolutions proposed were approved by the shareholders. The minutes from the Annual General Meeting are attached to this announcement. About TGS TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions. Forward Looking Statement All statements in this press release other than statements of historical fact are forward-looking statements, which are subject to a number of risks, uncertainties and assumptions that are difficult to predict, and are based upon assumptions as to future events that may not prove accurate. These factors include TGS' reliance on a cyclical industry and principal customers, TGS' ability to continue to expand markets for licensing of data, and TGS' ab
Banque Profil de Gestion SA : Changement d’actionnaire de référence, nouvelle raison sociale et changements au sein du Conseil d’administration11.5.2021 18:21:13 CEST | Press release
Communiqué de presse Banque Profil de Gestion SA : Changement d’actionnaire de référence, nouvelle raison sociale et changements au sein du Conseil d’administration Genève, le 11 mai 2021 – Comme annoncé le 9 février dernier, Banque Profil de Gestion SA (BPDG), son actionnaire actuel de référence (Banca Profilo S.p.A) ainsi que les actionnaires de la société One Swiss Bank SA (OSB) ont signé deux contrats de vente d’actions formalisant, d’une part, le rachat par BPDG de 100% du capital de OSB et, d’autre part, la cession par Banca Profilo SpA des 60.4% d’actions qu’elle détient dans BPDG aux actionnaires actuels de OSB (la «Transaction»). La Transaction impliquera également la fusion subséquente par absorption de OSB par BPDG. Pour rappel, la Transaction est notamment soumise à agrément de la FINMA. Les démarches y relatives sont en cours et l’exécution des deux contrats de vente formalisant la Transaction (le «Closing ») interviendra le 1er juin prochain, sauf objection de la FINMA d’
Brunel AGM 202111.5.2021 18:00:00 CEST | Press release
Amsterdam, 11 May 2021 – Brunel International N.V. (Brunel; BRNL), a global provider of flexible workforce solutions and expertise, today announced the voting results of the Annual General Meeting of Shareholders (AGM) of 11 May 2021. The AGM approved all voting items that were on the agenda. As a result, Jilko Andringa is reappointed as a member of the board of directors for a new term of four years. At the close of the meeting Mr Aat Schouwenaar, chairman of the supervisory board, retired from the supervisory board after having served on the supervisory board for 20 years. Mr Just Spee is reappointed as a member of the Supervisory Board for his second term of four years and will succeed Mr Aat Schouwenaar as chair of the Supervisory Board. Mr Frank van der Vloed is appointed as member of the Supervisory Board for a term of four years. A dividend of €0.30 per share of €0.03 par value has been declared for the 2020 financial year. The dividend, less 15% dividend withholding tax, will b
Outcome of 2021 Shareholders’ Meeting11.5.2021 17:45:00 CEST | Press release
Outcome of 2021 Shareholders’ Meeting Brussels, May 11, 2021, 17:45 CEST - Solvay today held its General Shareholders’ Meeting virtually. Shareholders voted in favor of all the resolutions proposed. More specifically, they approved the payment of a gross dividend of €3.75 per share for the year 2020. After deduction of the interim dividend of €1.50 gross per share, paid in January 2021, the balance amounts to €2.25 gross per share (€1.575 net, after deduction of 30% of withholding tax). Calendar of payment related to the 2020 final dividend May 17, 2021: ex-date May 18, 2021: record date May 19, 2021: payment date During the meeting, shareholders approved the reelection for a four year mandate for Nicolas Boël, Ilham Kadri, Bernard de Laguiche, Françoise de Viron and Agnès Lemarchand and for a three year mandate for Hervé Coppens d'Eeckenbrugge. They also approved the appointment of two new directors, Dr. Wolfgang Colberg and Edouard Janssen, to replace Amparo Moraleda and Evelyn du Mo