London based mostly Flex LNG efficiently took supply of its first LNG provider newbuilding the Flex Endeavour. In reference to the supply USD 105m of the secured time period mortgage facility was paid out and an extra USD 105m has been pre-positioned for the supply of sister vessel Flex Enterprise which is scheduled for supply on 11 January 2018.
Flex Endeavour is anticipated to start its time constitution with Uniper Global Commodities on or about 12 January 2018 following crew mobilization and completion of security drills. Jonathan Cook, Chief Executive Officer, commented: “We are happy to lastly take supply of our first newbuilding and her sister vessel later this week. We are additionally trying ahead to ship Flex Endeavour to Uniper which is a first-class charterer.”
Flex LNG goals to grow to be a number one provider of LNG Carriers and Floating Storage & Regasification Units (FSRUs) by offering protected, dependable, and value efficient logistic options within the LNG transport , using solely the most recent and most environmentally pleasant vessels. Flex LNG has six extremely environment friendly Megi LNG newbuildings with a capability of 174,000 m3 below development at industry-leading shipyards in South Korea for supply in 2018 and 2019. MEGI propulsion will considerably scale back gasoline consumption mixed with minimizing boil-off by utilizing the newest applied sciences. Compared to TFDE vessels, discount in gasoline consumption alone is estimated at 30%, giving a considerable incentive for charterers to modify to the brand new expertise. The first two Flex LNG newbuildings will probably be delivered from yard in January 2018. (Source: Flex LNG)
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