Fredriksen bought into Flex via Geveran Trading last month soon after it reached an agreement on a long-standing dispute with Samsung which saw LNG FPSOs swapped for a couple of gas carriers.

Ole Stenhagen, an analyst at SEB Enskilda, tells TradeWinds today's announcement Flex will "explore strategic alternatives" is no surprise given the Samsung deal marks a complete change of direction from its initial course.

Geveran