GASLOG SIGNS NEW TIME CHARTER AGREEMENTS WITH TOTALENERGIES AND SHELL
GasLog Partners announced two new time charter agreements with leading global energy producers. The agreements include a one-year time charter for the GasLog Sydney with a subsidiary of TotalEnergies, beginning this week, as well as an approximately 8-month time charter for the Solaris with a subsidiary of Royal Dutch Shell beginning immediately following the conclusion of its initial multi-year charter with Shell in late July 2021 and extending through the end of Q1 2022.
The GasLog Sydney is a 155,000 cbm TFDE LNG carrier built in 2013 which is currently operating in the LNG carrier spot market.
The Solaris is a 155,000 cbm TFDE LNG carrier built in 2014 currently operating under its initial multi-year time charter with Shell.
Paul Wogan, Chief Executive Officer of GasLog Partners, stated, “I am very pleased to announce these new charters with global energy majors. The agreements are at fixed daily rates of hire at returns in line with the historic long-term average, underscoring the strengthening LNG carrier spot market observed so far this year. Together they improve the Partnership’s revenue and cash flow visibility, further balancing its operational and financial leverage.”
GasLog Partners headquartered in Piraeus, Greece, is a growth-oriented owner, operator and acquirer of LNG carriers. The Partnership’s fleet consists of 15 LNG carriers with an average carrying capacity of approximately 158,000 cbm.
(Source: Gaslog – Image: Gaslog Sydney tanker/Justo Prieto)