GasLog Partners inks charter deals with TotalEnergies, Shell

LNG shipper GasLog Partners said on Tuesday it signed new time charter agreements with TotalEnergies and Shell.

The limited partnership controlled by Greece-based GasLog has signed a one-year time charter with a unit of TotalEnergies for the 2013-built TFDE carrier GasLog Sydney.

The 155,000-cbm vessel, which previously worked in the spot LNG market, would start the contract with Total this week, GasLog Partners said.

In addition, the shipping firm has signed a charter deal with a unit of Shell for a period of about 8 months.

Shell is already using the 155,000-cbm TFDE LNG carrier Solaris as part of a multi-year charter agreement between the duo.

The new charter would start immediately after the existing deal. It would begin in late July and extend through the end of the first quarter next year, GasLog Partners said.

“The agreements are at fixed daily rates of hire at returns in line with the historic long-term average, underscoring the strengthening LNG carrier spot market observed so far this year, ” Paul Wogan, chief executive of GasLog Partners, said.

“Together they improve the partnership’s revenue and cash flow visibility, further balancing its operational and financial leverage,” he said.

- Advertisements -

Most Popular

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

Hoegh LNG: commissioning of Brazilian FSRU completed

Commissioning of the FSRU Hoegh Giant which serves Cosan's LNG import terminal in Brazil's port of Santos has been...

More News Like This

TotalEnergies supplies LNG cargo to PetroVietnam Gas

PetroVietnam Gas, a unit of state-owned PetroVietnam, has received a liquefied natural gas cargo from a unit of France's...

UK’s Dragon LNG terminal offers capacity from September 2029

The UK’s Dragon LNG terminal in Milford Haven has invited market participants to express an interest in capacity at...

Singapore LNG bunkering volumes jump

Singapore's LNG bunkering sales jumped in the first four months of this year, reaching a new record, according to...

Japan’s MOL charters LPG carrier duo to TotalEnergies

Japan’s shipping firm MOL said on Thursday it has signed a charter deal for two 88,000-cbm LPG carriers with...