Marine Link
Wednesday, December 12, 2018

FLEX LNG Orders Five LNG Carrier Newbuilds

Maritime Activity Reports, Inc.

October 10, 2018

Flex Endeavour. Pic: FLEX LNG Management AS

Flex Endeavour. Pic: FLEX LNG Management AS

Flex LNG, the shipping company controlled by billionaire John Fredriksen, is entering into a transaction for the acquisition of five 5th generation LNG newbuildings comprising three MEGI LNG carriers and two X-DF LNG carriers.

According to a release from the shipping company, that owns and operates LNG carriers, and floating storage and regasification units, the MEGI LNG carriers are currently under construction at Daewoo Shipbuilding and Marine Engineering Co. Ltd. (DSME) with scheduled delivery in 2020.

The X-DF LNG carriers are currently under construction at Hyundai Samho Heavy Industries Co., Ltd. (HHI) with scheduled delivery in 2021, from affiliates of Geveran Trading, the Company’s largest shareholder.

The vessels will be acquired at a purchase price of $180 million per vessel on a delivered basis, including supervision costs, plus $6 million for each of the DSME Vessels for the addition of Full Reliquifaction Systems.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News