Fredriksen's Flex LNG projects booming rates after several tough years

Following several strained years, LNG carriers are now benefiting from high demand and moderate production. The high rates will continue towards 2023 despite challenges in the market, Flex LNG chief exec Øystein Kalleklev tells ShippingWatch.

Photo: Flex LNG

After a number of strained years, things are finally turning for LNG carriers, which can look forward to strong demand and high rates in the coming year – and this is good news for operators such as John Fredriksen's Flex LNG.

The price of LNG has skyrocketed over the past year and a half with Covid-19-related restrictions and the green transition having pushed up the demand for vessels operating on alternative fuels.

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