Golar LNG Partners Clinches Charter Deal for Golar Grand

Illustration; Image Courtesy: Golar LNG

Nasdaq-listed Golar LNG Partners has secured a time charter contract for one of its steam liquefied natural gas (LNG) carriers, the 145,700m3 Golar Grand.

Under the deal, the 84,894 dwt vessel is scheduled to work for a period of up to a maximum of 9 years for an undisclosed oil and gas company.

The 2005-built Golar Grand is currently on charter with Golar LNG Limited and will therefore be sub-chartered back from Golar LNG, at the same rate as the new charter, for the initial period of the deal until the current charter ends in October 2017.

The LNG carrier will be delivered under the new charter during the second quarter of 2017 for an initial period of 2 years with a series of extension options up to the maximum charter period.

The company informed that the Partnership’s operating income before depreciation derived from the Golar Grand will be unchanged until October 2017 when the Golar LNG charter ends.

If initial extension options for up to 5 years are exercised, the deal is expected to generate around USD 10 million of operating income per year over the full 5-year term, according to the company.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2017 >>
MTWTFSS
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 1 2

DSM17

Donsö Shipping Meet 2017 is an all inclusive exhibition. Meals, electricity, meeting schedule and banquette dinner is included…

read more >

TOC Europe

TOC (The Terminal Operations Conference) has long been considered best in class by container terminal operators and their suppliers…

read more >

Marine Philippines 2017

The 4th edition of PHILIPPINES MARINE 2017, SHIPBUILD PHILIPPINES 2017 and OFFSHORE PHILIPPINES 2017 is the only specialized Shipbuilding…

read more >

Bunkering Week 2017

IBC’s biennial Bunkering Week is back with its successful series of 3 co-located events: 8th Bunkering in Asia, 4th LNG Bunkering and EMTECH: Ship Emissions Technology Conference.

With a proven track record of bringing together top decision makers from various industry sectors, this remains the go to event for ship owners, fuel suppliers, traders and technology solution providers. Get in-depth and detailed market insights from experts who are taking the decisions, assess peer strategies and give shape to your own in this unrivalled gathering of shipping and marine fuel industry leaders.

Key Highlights for 2017:

* 3 Co-located Conferences

* 12+ Hours of Networking Time

* In-depth Review of Shipping Markets by Segment

* Ship Owner Positions on Emissions Compliance Scenarios

* Pricing Differentials and Availability across Different Fuels

* Technology and Analytics in Fuel Management and Emissions MRV

More info

read more >