John Fredriksen-controlled Flex LNG is choosing to play more of its 13-vessel fleet in the spot market this year but plans to move these vessels into term charter contracts as charterers move to replace older ships coming off-hire.
Speaking on a results call, Flex chief executive Oystein Kalleklev said some owners with speculative LNG newbuilding tonnage have opted to take term contracts to secure financing which has put a lid on period rates.
