Flex LNG Secures 2-Year Charter for Flex Aurora with 6-Year Extension Option

Event summary

  • Flex LNG has signed a new 2-year time charter agreement for the Flex Aurora, with options to extend for up to 6 additional years.
  • The charterer is a Supermajor, and the vessel could be committed until 2034 if all options are exercised.
  • Flex Aurora, a 2020-built 174,000 cbm LNG carrier, was redelivered from its previous 3.5-year charter in March 2026.
  • The deal increases Flex LNG's total contract backlog to a minimum of 55 years, potentially rising to 82 years with exercised options.
  • The contract is expected to positively impact earnings in Q2 2026.

The big picture

Flex LNG's new charter for the Flex Aurora reflects strong demand in the LNG shipping market, particularly from Supermajors seeking reliable vessels. The deal underscores the strategic importance of modern, fuel-efficient LNG carriers in a volatile energy landscape. With a fleet of 13 state-of-the-art vessels, Flex LNG is well-positioned to capitalize on firm spot market dynamics, though it remains vigilant about rapid market shifts.

What we're watching

Market Volatility
How energy market volatility will affect Flex LNG's spot exposure and future contract negotiations.
Contract Backlog
Whether Flex LNG can sustain its high contract backlog amid shifting market conditions.
Earnings Guidance
The pace at which Flex LNG may need to revise its full-year earnings guidance due to market uncertainties.