CORRECTION: Flex LNG Reported Early Monday, Flex Constellation Ship to Return in Q2 2024 as Charterer Skips Extension Option
Portfolio Pulse from Charles Gross
Flex LNG announced that its Flex Constellation ship will return in Q2 2024 after the charterer decided not to extend the charter option. This news follows an earlier report on Monday.
January 09, 2024 | 11:09 am
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Flex LNG's Flex Constellation ship will be back in Q2 2024 as the current charterer did not extend the charter. This could affect the company's revenue and asset utilization.
The decision by the charterer not to extend the charter for the Flex Constellation ship could lead to a period of unchartered time, potentially affecting Flex LNG's revenue and asset utilization negatively in the short term. This news could be seen unfavorably by investors, possibly leading to a short-term negative impact on the stock price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80