Headquartered in Par-la-ville Place, Hamilton Fiscal year ends December NYSE: FLNG flexlng.com
FLEX LNG Ltd. is a Bermuda-incorporated company listed on the NYSE under the ticker FLNG. The company owns and commercially operates a fleet of thirteen fuel-efficient, fifth-generation LNG carriers built between 2018 and 2021 at South Korean shipyards (Hanwha Ocean, Samsung Heavy Industries, and Hyundai Samho Heavy Industries). The vessels have cargo capacities of 173,400 to 174,000 cubic meters and utilize advanced MEGI or X-DF propulsion systems, with some equipped with full or partial re-liquefaction systems. FLEX LNG generates revenue primarily through long-term time charter agreements with major energy companies (super majors, large Asian utilities, and LNG traders), supplemented by spot market activity. The company's charter backlog extends decades into the future, with the longest firm charter running through 2041. FLEX LNG finances its fleet through a combination of term loan facilities, sale-and-leaseback arrangements, and revolving credit facilities, and manages interest rate risk through swap agreements. The company is controlled by affiliates of Geveran Trading Co. Ltd and relies on related-party entities for technical management, administrative services, and corporate services. Updated
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FLEX LNG Ltd. is a Bermuda-incorporated company listed on the NYSE under the ticker FLNG.
The Wall Street consensus 12-month price target for FLNG is $26.12.
