Moroever, the charterer has remaining extension options as the time charter rate is variable as a function of the overall market conditions.

Flex LNG Fleet Management took over ship management responsibilities for this ship in November 2019 so we are particularly pleased that the charterer has elected to extend this time charter.

... Chief Executive Officer of Flex LNG Management, Øystein Kalleklev said.

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Flex LNG is the owner of three LNG carriers, while another seven are on order at Korean shipyards DSME and Hyundai Heavy.

For the records, "Flex Enterprise" is a 174,400-cbm LNG carrier built by the South Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) in 2018. The vessel also features MEGI propulsion technology.

Concluding, back in 2017, Flex LNG has came in a charter agreement with Germany-based energy company Uniper Global Commodities for the LNG carrier "Flex Endeavour"