Gazprom Marketing & Trading Singapore contracted with Dynagas LNG Partners the new long term time charter for the LNG carrier Clean Energy. The contract is expected to commence in July 2018 and will last for 93 months (7 years and 9 months) with dayrate of 40,000 USD. The total value of the long term time charter of the 150,000 cubic meter non-ice classed LNG carrier is approximately 133 million USD. The new long term charter contract will find employment for the only non-ice classed LNG carrier of Dynagas LNG Partners, improving the company’s long term finance condition, cash flows and liquidity.
Currently the LNG carrier Clean Energy is under time charter for Shell, which expire in second quarter of 2017. After the expiration of the contract, the vessel is be dry docked and will undergo its statutory class five-year special survey.
Together with the new contract, the both companies agreed to reduce the charter rates of the Yenisei River and Lena River since November 1, which expire earliest in July and September 2018 respectively.
“We are pleased to report these new charter arrangements which result in an improved charter profile for the partnership and increases the partnership’s contracted backlog as of November 1 to approximately 1.6 billion USD from 1.5 billion USD prior to the conclusion of these new charter arrangements”, said the CEO of Dynagas LNG Partners, Tony Lauritzen.
The LNG carrier Clean Energy (IMO: 9323687) has overall length of 288.00 m, moulded beam of 44.00 m and maximum draft of 10.50 m. The deadweight of the vessel is 85,813 DWT and the gross tonnage is 100,244 GRT. The gas carrier was built in 2007 by Hyundai Heavy Industries in South Korea and operated under the flag of Marshall Islands.