John Fredriksen’s Flex LNG is being tipped to increase its share price as a combination of long-term charters and a tighter shipping market works in its favour.

Fearnley Securities praised the Oslo-listed LNG carrier owner’s recent deal to tie up three vessels on contracts totalling 24 years at $85,000 per day.

“The long-term cash flow visibility in the share has drastically improved, again,” said analysts Oystein Vaagen and Erik Gabriel Hovi.