The John Fredriksen-controlled shipping company, Flex LNG, has announced an upward adjustment to its revenue guidance. The upgrade is anchored in new time charter agreements for three of the carrier’s vessels, according to a company statement.

In total, vessels Flex Rainbow, Flex Enterprise and Flex Amber have secured 24 years of fixed hire.

For Q2 2022, Flex LNG now expects an income of USD 85m, equivalent to an upgrade of USD 5m. For the third quarter, the expectation is now to land at approximately USD 90m against USD 82-92m before. For 2022’s last quarter, the forecast suggests somewhere in the range of USD 90-100m in contrast to previous estimations of USD 85-105m.

In the statement, Flex LNG furthermore forecasts higher revenue and time charter equivalent earnings in 2023 than in 2022.

The carrier states this is ”due to repricing of its employment portfolio and significantly reduced spot exposure which dragged down revenues in Q1-22 due to the pull of US cargoes to Europe in this period.”

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