GasLog Partners Secures Charters for LNG Carrier Pair

Owner and operator of LNG carriers GasLog Partners has inked agreements with an unnamed party for two new charters plus options for an additional two.

The agreements include an approximately three and a half year charter for GasLog Santiago commencing in the third quarter of 2018 and a one year charter for a GasLog Partners’ 145,000 cbm steam vessel beginning in the fourth quarter of 2019.

As informed, the 145,000 cbm vessel will be either Methane Jane Elizabeth or Methane Alison Victoria.

The charterer has options to extend the GasLog Santiago charter for up to an additional seven years and the steam vessel charter for up to an additional four years, both at escalating rates, GasLog Partners added.

GasLog Santiago, the 155,000 cbm tri-fuel diesel electric LNG carrier built in 2013, is currently on a multi-year time charter with a subsidiary of Royal Dutch Shell through July 2018. The vessel will undergo a scheduled drydocking during the second quarter of 2018 when a reliquefaction module is to be installed.

Methane Jane Elizabeth and Methane Alison Victoria are also chartered to a subsidiary of Shell, with charters expiring in October and December 2019, respectively.

“These charters will provide continuous employment for GasLog Santiago and either Methane Jane Elizabeth or Methane Alison Victoria, increase the partnership’s contracted revenue visibility, diversify our customer base and support our year-on-year distribution growth guidance of 5% to 7% in 2018,” Andy Orekar, Chief Executive Officer of GasLog Partners, commented.

Last week, GasLog Partners revealed plans to purchase from GasLog 100% of the shares in the entity that owns and charters the 2016-built GasLog Gibraltar. The acquisition, worth USD 207 million, is expected to be closed in the second quarter of 2018 and is in line with the company’s growth strategy.

Share this article

Follow World Maritime News

In Depth>


<< May 2019 >>
29 30 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 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >