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GasLog Partners Secures Multi-Year Charter from Gunvor

  • Business & Finance

LNG carrier owner and operator GasLog Partners has, through a subsidiary, signed a new multi-year charter agreement with Gunvor Group.

Under the deal, Gunvor’s Clearlake Shipping would hire the 155,000 cbm TFDE LNG carrier GasLog Shanghai for a period of three and a half years.

The 2013-built tanker is currently operating in the LNG carrier spot market.

The charter, expected to commence in June 2019, will have a variable rate of hire across the charter period based upon an agreed range, 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% to 4% in 2019,” Andrew Orekar, Chief Executive Officer of GasLog Partners, said.

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