The company took delivery of Flex Rainbow from Samsung Heavy Industries according to schedule 9 July 2018. The Flex Rainbow is the Company's fourth LNG carrier on the water while four LNG carriers are currently under construction.
Flex Rainbow is a large state of the art 174 000 m3 LNG carrier with fifth generation ME-GI machinery giving considerable fuel savings compared to traditional LNG carriers.
Flex Rainbow today also commenced its 6 + 3 months Time Charter with a major European energy company following mobilisation at yard in South Korea.
As described in the Company's first quarter financial report 2018, the acquisition of two LNG carrier newbuildings with X-DF machinery from an affiliate of Geveran. These vessels are scheduled for delivery in 2020 and the transaction was subject to final documentation and execution of the Sale-Leaseback of Flex Rainbow. With today's announcement, the closing condition for this acquisition has thus been fulfilled.
