Dynagas LNG Partners, Equinor extend charter for Arctic Aurora

Norway’s Equinor will continue to use the 155,000-cbm LNG carrier, Arctic Aurora, for about three more years as part of a new deal revealed by Dynagas LNG Partners on Friday.

Dynagas LNG Partners said in a statement that the new charter deal for the 2013-built LNG carrier would start in September 2023 in direct continuation of the current charter deal with Equinor.

Equinor has been using Arctic Aurora to ship LNG since its delivery in 2013.

The new time charter period would add about $116.5 million to the partnership’s existing contracted revenue backlog, Dynagas LNG Partners said.

Chief executive Tony Lauritzen recently revealed that the firm had expected to secure a new charter for this LNG carrier in the first quarter of 2023 as “there continues to be strong demand for LNG time shipping.”

Lauritzen welcomed the new deal with Equinor in the statement on Friday. He said that the new deal reflects the company’s long-standing relationship with the Norwegian firm.

Besides this LNG carrier, Dynagas LNG Partners owns five more LNG tankers which operate under long-term charters.

Following this deal, the earliest contracted re-delivery date for any of the company’s six LNG carriers is in the first quarter of 2026 for the 2007-built 149,700-cbm, Clean Energy, chartered by SEFE.

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