Flex LNG is paying $180m per vessel for three MEGI LNG carriers being built at Daewoo Shipbuilding and Marine Engineering (DSME) for delivery in 2020, and a two X-DF LNG carriers from Samsung Heavy Industries for delivery in 2021. The vessels will be delivered from Fredriksen’s Geveran Trading, which is the largest shareholder in Flex LNG.
There will be an additional $6m per vessel for the DSME newbuildings for the addition of full reliquifaction systems.
Flex LNG is undertaking a $300m private placement that will be used to fund the initial 30% of the purchase price, with the remainder payable on delivery. Geveran has guaranteed that the private placement will be fully subscribed.