Flex LNG Ltd. (NYSE: FLNG) is an international provider of liquefied natural gas (LNG) transportation services through ownership and operation of modern LNG carriers. Established in 2006 and headquartered in Hamilton, Bermuda, the company specializes in the acquisition, financing and commercial management of high-specification LNG vessels. Flex LNG’s fleet comprises a series of standardized, dual-fuel carriers equipped with advanced slow-speed diesel engines and zero-speed reliquefaction systems designed to minimize boil-off gas and reduce fuel consumption.
The company’s core business model centers on securing medium- to long-term charters with leading energy producers and traders, complemented by spot market and short-term engagements to optimize fleet utilization. By owning vessels constructed between 2014 and 2019 across top shipyards in South Korea and China, Flex LNG maintains a young, homogeneous fleet that benefits from economies of scale in maintenance, crewing and technical operations. Flex LNG’s in-house commercial team manages voyage planning, logistical coordination and bunker procurement to ensure operational efficiency and safety.
Operating on global trade routes, Flex LNG serves key LNG export markets such as the United States, Qatar, Australia and Russia, and major importing regions in Europe and Asia. The company’s vessels routinely transit established corridors including the Atlantic Basin trade between the U.S. Gulf Coast and Europe, as well as the Pacific routes linking Australia’s north-west coast to East Asian demand centers. This geographic diversification provides resilience against regional fluctuations in demand.
Under the leadership of CEO Morten Paulsen and Chairman Jens Ulltveit Moe, Flex LNG has pursued a strategy of fleet renewal, financial discipline and environmental stewardship. The company places emphasis on safety management systems, regulatory compliance and emissions reduction initiatives in line with evolving International Maritime Organization standards. With a focus on long-term charter relationships and capital structure optimization, Flex LNG aims to sustain market-leading vessel availability and competitive charter rates.
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