Flex LNG Ltd. FLNG

What this company does

It deploys its LNG carriers on period time charters that can last up to several years, with twelve of its vessels on fixed-rate time charters and one vessel on a variable-rate contract indexed to the spot market. For the year ended December 31, 2025, it had four customers accountable for more than 98.5% of its total revenues. As of February 27, 2026, it had two vessels open, four vessels on time charters expiring within one year, one vessel on a time charter expiring within two years, two vessels on time charters expiring from two to five years, and four vessels on time charters expiring after five years, excluding any option periods. It has a service level agreement with Front Ocean Management AS and Front Ocean Management Ltd, together referred to as Front Ocean, which provide it with advisory and support services including human resources, shared office costs, administrative support, IT systems and services, compliance, insurance and legal assistance. It has ship management agreements with Flex LNG Fleet Management AS, a related party owned by Frontline plc, which is responsible for the technical ship management of its entire fleet.

Written from the business description in Flex LNG Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 27 February 2026. Every sentence was checked against that document before publication.