Dynagas LNG appoints new board member

LNG carrier operator Dynagas LNG Partners said that Dimitris Anagnostopoulos has joined the company’s board of directors.

According to a statement by Dynagas LNG, Anagnostopoulos will serve as a Class III director to fill the vacancy resulting from the death of Levon A. Dedegian.

The LNG shipping firm also appointed Anagnostopoulos to the conflicts committee and the compensation committee of the company’s board.

Moreover, Dynagas LNG said that its board has determined that Anagnostopoulos qualifies as an “independent director” as such term is defined under the US Securities Exchange Act of 1934, as amended, and meets the independence standards under applicable NYSE rules.

Anagnostopoulos has over 41 years of experience in shipping, ship finance, and banking.

Throughout his career, he has held various posts at the National Investment Bank of Industrial Development (ETEBA), Continental Illinois National Bank of Chicago, the Greyhound Corporation, and with ABN AMRO, where he spent nearly two decades, Dynagas LNG said.

Dynagas LNG owns six LNG carriers which operate under long-term charters.

The vessels are the 2007-built Clean Energy and Ob River, the 2008-built Amur River, and the 2013-built Arctic Aurora, Yenisei River, and Lena River.

In June, the NYSE-listed limited partnership formed by shipowner Dynagas posted a net income of $9.6 million for the three months ended March 31, 2023.

This marked a decrease of $14.3 million, or 59.8 percent, compared to the same period last year.

Dynagas LNG will release its second-quarter results on September 14.

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