Flex LNG fixes term charters as freight rates improve
Another ocean-going tanker used to trade on the spot market is earmarked for a three-year fixed-term charter with a leading trading house. The contract includes an option to extend for another three years
Term charter rates for LNG tankers have risen even during the off-peak trading season for the commodity, suggesting the market has moved in favour of moving shipping tonnage from the spot market, says Flex LNG chief executive
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