Flex LNG Ltd, the liquefied natural gas shipping company based in Bermuda, has announced that the aggregate $430 million of new financings announced in its second quarter report have been completed according to plan with net proceeds of about $97 million.

The new $270 million bank facility financing Flex Aurora and Flex Ranger was completed, and the previous $375 million bank facility was repaid in full. Consequently, the Flex Endeavour was unencumbered at the end of the third quarter.

The company said it also successfully closed the new $160 million Jolco lease for Flex Endeavour at very attractive terms.

Flex LNG said it had a cash balance of $370 million on June 30. The completion of these refinancings will add to an already substantial cash balance, the company said.

Knut Traaholt, chief financial officer of Flex LNG Management AS, said: “We are pleased to have completed another round of refinancings at very attractive terms. We highly appreciate the efforts of all involved parties for another smooth closing, and we welcome a new international shipping bank to our banking group.

“We are grateful for the trust and strong support from our banks and lease providers which have resulted in a very attractive funding platform for Flex LNG. Our financial strength together with the substantial charter backlog provide us with significant commercial and financial flexibility to further develop the company.”

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DHT Holdings Inc, the Bermudian-based independent crude oil tanker company, has revealed that 32 per cent of the available spot days have been booked at an average rate of $37,000 per day on a discharge-to-discharge basis thus far in the fourth quarter.

It added that 50 per cent of the available revenue days, spot and time-charter days combined, have been booked at an average rate of $39,200 per day.

For the third quarter, the company estimates time charter equivalent earnings for its fleet at $42,400 per day, comprising of $43,700 per day for the company’s very large crude carriers operating in the spot market and $38,800 per day for the company’s VLCCs on time-charter.

The estimated time charter equivalent earnings are based on 2,184 revenue days for the third quarter, of which 1,622 days are spot days.

During the third quarter, the company entered a one-year time charter contract for DHT Lion, which was built in 2016. It has a rate of $55,000 per day.

DHT’s fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through integrated management companies in Monaco, Norway, Singapore, and India.

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The shareholders of Borr Drilling Ltd, the Bermudian-based oilfield services company, have voted to approve the delisting of the company’s common shares from the Oslo Stock Exchange.

They also authorised the board of directors to take steps to implement the delisting including filing an application to the OSE on behalf of the company.

The vote took place this month at a special general meeting of the company.