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Flex LNG Receives Flex Constellation From DSME

LNG carrier owner and operator Flex LNG has received the 173,400 cbm carrier Flex Constellation from South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME).

According to the Oslo-listed company, Flex Constellation was delivered three weeks ahead of time as it is fixed for a maiden voyage from the yard.

The 96,000 dwt carrier is the fifth unit in the company’s fleet and the fourth to be built by DSME. Flex LNG has three more units on order at DSME and two 174,000 cbm carriers at Hyundai Samho Heavy, according to VesselsValue data. The ships are set to be handed over in 2020 and 2021, respectively.

The company said that in connection with delivery, USD 125 million of the new USD 250 million bank facility was utilized securing the ship a cash break-even level of about USD 45,000 per day.

Flex Constellation features high pressure MEGI two stroke propulsion and is equipped with a partial reliquefaction system bringing the boil off rate in laden condition down to 0.075%.

With three MEGI LNG carriers and two X-DF LNG carriers, Flex LNG is poised to become the largest operator of the 5th generation LNG newbuildings.

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