Flex LNG traded its vessels at cash break-even levels in the third quarter, but is expecting a significant uptick in the last three months of the year.
The John Fredriksen-controlled LNG carrier owner reported average time charter equivalent rates of $46,569 per day for the three months ending in September.
Chief executive Oystein Kalleklev said Flex LNG Management had traded its vessels at cash break-even levels “during very challenging market conditions, despite significant spot exposure and operational restrictions caused by Covid-19”.
