GasLog Partners has inked new multi-month time charter agreements securing employment for three liquefied natural gas (LNG) carriers.
The US-listed owner and operator has fixed the 2013-built tri-fuel diesel electric (TFDE) GasLog Shanghai to Woodside Energy Shipping Singapore for two years, while a one-year charter has been agreed with an undisclosed energy major for the 2014-built TFDE carrier Solaris. Both ships have a capacity of 155,000 cu m.
In addition, GasLog Partners said it had sealed a deal to charter out its 2007-built 145,000 cu m steam turbine vessel Methane Heather Sally to a southeast Asian player for three years.
A $50m sale and lease-back has also been executed for the same vessel, with no repurchase option or obligation. The deal is expected to complete in the fourth quarter and release around $17m of incremental net liquidity.
The company’s chief executive Paolo Enoizi said the charters should add about $134m of incremental Ebitda and improve cash flow visibility.
