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FLNG - Consider Flex LNG For A Coronavirus-Free World
FLEX LNG Ltd.
Flex LNG, which owns a fleet of modern LNG carriers, barely broke-even in the previous quarters but the business environment is quickly recovering.
LNG prices have risen in the last couple of months as economic activity picked up in Asia while TCE rates, which fell to ~$46,000/day, have risen to $70,000-$75,000/day.
Flex LNG has taken delivery of four new ships in the last few months and will induct three new vessels within six months, growing its fleet significantly to 13 ships.