FLEX LNG

First containers, then dry bulk, now LNG shipping rates are spiking

LNG shipping

“I don’t remember a time when so many extreme events were happening in shipping,” said Stifel analyst Ben Nolan, who has been covering the sector for the past 16 years.

Container shipping led the charge, with rates soaring to stratospheric highs. Dry bulk shipping rates jumped next, to levels not seen in over a decade. Now liquefied natural gas shipping has joined the party. LNG rates “surged 40% in one day — Friday — on already high levels,” Nolan wrote in his weekly report.

Clarksons Platou...

https://www.freightwaves.com/news/first-containers-then-dry-bulk-now-lng-shipping-rates-are-spiking

As shipping prospects rise, field of shipping stocks shrinks

shipping stocks

A perennial complaint about shipping stocks is that there are way too many of them and they’re way too small. If only there were just a handful of large-cap consolidated shipowners in each category — tankers, dry bulk, containers, gas — not a hodgepodge of micro-caps.

The good news for ‘bigger and fewer’ proponents is that the number of shipping stocks is indeed shrinking. There has been only one shipping IPO in the last six years compared to numerous delistings.

The bad news is that the...

https://www.freightwaves.com/news/as-shipping-prospects-rise-field-of-shipping-stocks-shrinks

Shipping stocks hit fresh highs amid COVID-era supply chain chaos

shipping stocks

The mainstream press is now awash in articles on global supply chain breakdowns, exorbitant shipping costs, clogged ports, emptying store shelves and rising inflation. That’s good news for sentiment toward many (but not all) ocean shipping stocks.

After a summer lull, shares of bulker owners, container lines, container-ship lessors and liquefied natural gas (LNG) carriers are moving up again and hitting new peaks. Stocks of crude and product tanker owners — who are heavily exposed to delta...

https://www.freightwaves.com/news/shipping-stocks-hit-fresh-highs-amid-covid-era-supply-chain-chaos

Flex LNG Acquires New Charter Deal For Its Vessel

  • Flex LNG has secured a new charter deal for the 173,4000-cbm Flex Freedom.
  • The company noted on Friday that the vessel has been chartered to “an LNG portfolio player”.

Norwegian pure-play LNG carrier company Flex LNG has secured a new charter deal for the 173,4000-cbm Flex Freedom, reports Flex LNG.

Chartered Deal

In its quarterly report, Flex LNG said that Flex Freedom is chartered for a minimum firm period of either three or five years.

The vessel has already been committed to an Asian-based...

https://mfame.guru/flex-lng-acquires-new-charter-deal-for-its-vessel/

Flex LNG Enters Into Time Charter Party Deal

Flex LNG has secured a prompt time-charter deal for its LNG carrier Flex Constellation, says a press release published on their website.

The time charter agreement

The time charter agreement has a minimum firm period of three years on a prompt basis.

Flex LNG noted the deal with an unnamed trading house has the option to be extended for additional three years bringing the total up to six years.

About the vessel

Flex Constellation has the capacity to transport up to 173,400 cubic meters of...

https://mfame.guru/flex-lng-enters-into-time-charter-party-deal/

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