GasLog Partners has entered into new charter agreements for two of its LNG carriers.
The agreements, with an unnamed new client, will see 2013-built 155,000 cu m LNG carrier GasLog Santiago go on a three and a half year charter commencing in the third quarter of 2018, while one of two 145,000 cu m steam vessels (either Methane Jane Elizabeth or Methane Alison Victoria) will go out on a one-year charter commencing in the fourth quarter of 2019.
The GasLog Santiago charter includes options for up to an additional seven years while the steam vessel charter includes up to an additional four years.
All three of the vessels are coming of charters to Shell, with GasLog Santiago to undergo a scheduled drydocking before its new contract begins.
Andy Orekar, chief executive officer of GasLog Partners, commented: “I am very pleased to announce the signing of these charter agreements with a new, high-quality counterparty. 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.”