John Fredriksen’s Flex LNG is launching phase two of a refinancing that will increase liquidity by at least $100m.

The move will see loans refreshed on seven remaining LNG carriers following the completion of the $855m phase one launched last November.

The Oslo-listed owner, led by chief executive Oystein Kalleklev, said the balance sheet optimisation programme will add to liquidity of $285m as of 30 June.