GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping, a Gunvor Group company.
The charter, expected to commence in June 2019, will have a variable rate of hire across the charter period based upon an agreed range, the partnership said in a statement on Friday.
Andrew Orekar , CEO of GasLog Partners, said, “The charter delivers on our commitment to secure term employment for the GasLog Shanghai, strengthens the cash flow visibility of the Partnership and supports our year-on-year distribution growth guidance of 2 percent to 4 percent in 2019.”
The GasLog Shanghai is a 155,000-cbm TFDE LNG carrier built in 2013 which is currently operating in the LNG carrier spot market.