Flex announced on Wednesday that it has agreed a new time charter agreement with a minimum firm period of two years for the 2020-built 174,000-cbm, Flex Aurora.
“The charterer, a supermajor, will have the option to extend the contract with additional 2+2+2 years i.e. total contract length is potentially up to eight years,” it said.
Flex did not reveal the charterer’s name.
If all options are declared, the vessel will be committed until 2034.
Flex noted that the vessel was redelivered from its previous 3.5-year charter in the first half of March 2026.
55 years
The company recently also secured two charter extensions from UK-based energy giant BP for the vessels Flex Resolute and Flex Courageous.
Following this new charter contract, Flex’s total contract backlog is minimum 55 years, which may increase to 82 years if the charterers exercise their options.
“We are pleased to announce a new time charter contract for Flex Aurora, capitalizing on the firm momentum in the freight market,” Marius Foss, CEO of Flex LNG Management, said.
“We believe there are currently favourable dynamics in the LNG shipping spot market, and with the commencement of this minimum two-year contract for Flex Aurora, we will have two vessels trading in what is presently a firm spot market. At the same time, we see that energy markets remain highly volatile, and conditions may change rapidly,” he said.
Flex said that the new contract, combined with the company’s remaining spot exposure, is expected to contribute “positively” to earnings in the second quarter of 2026.
“Given the continued uncertainty and volatility in the LNG shipping and broader energy markets, the company is closely monitoring market developments. As a result, the full-year guidance as presented in the company’s fourth quarter 2025 earnings release and related presentation may be subject to revision, and the company will update the market as appropriate and/or legally required,” the company said.