Dynagas LNG Partners LP Announces New Time Charter for the LNG Carrier Arctic Aurora
30 Dicembre 2022 - 3:00PM
Dynagas LNG Partners LP (NYSE: “DLNG”) (“Dynagas Partners” or the
“Partnership”), an owner and operator of liquefied natural gas
(“LNG”) carriers, today announced that it has entered into a new
time charter party agreement with Equinor ASA ("Equinor") for the
employment of the 2013 built ice class LNG carrier Arctic Aurora.
Under the new time charter agreement, the Arctic Aurora is expected
to be delivered to Equinor in September 2023 in direct continuation
of the current charter party with Equinor, meaning there will be no
lapse of time between the current and the new time charter. The
term ‘in direct continuation’ does not refer to the contracted
income. The new time charter period is about 3 years adding about
$116.5 million to the Partnership’s existing contracted revenue
backlog. Tony Lauritzen, Chief Executive Officer of Dynagas LNG
Partners LP, commented: “We are very pleased to enter into this new
agreement with Equinor, with whom the Arctic Aurora has been
employed since its delivery in 2013, reflecting our long-standing
relationship with Equinor and the outstanding operational
performance of the Arctic Aurora and our manager throughout the
years.”
About Dynagas LNG Partners LP
Dynagas LNG Partners LP. (NYSE: DLNG) is a master limited
partnership which owns and operates liquefied natural gas (LNG)
carriers employed on multi-year charters. The Partnership’s current
fleet consists of six LNG carriers, with aggregate carrying
capacity of approximately 914,000 cubic meters.
Visit the Partnership’s website at
www.dynagaspartners.com
Contact Information: Dynagas
LNG Partners LP Attention: Michael Gregos Tel. +30 210 8917960
Email: management@dynagaspartners.com
Investor Relations / Financial
Media: Nicolas Bornozis Markella Kara Capital Link, Inc.
230 Park Avenue, Suite 1540 New York, NY 10169Tel. (212) 661-7566
E-mail: dynagas@capitallink.com
Forward-Looking Statements
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts. The Partnership desires to take
advantage of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbor legislation.
The words “believe,” “anticipate,” “intends,”
“estimate,” “forecast,” “project,” “plan,” “potential,” “may,”
“should,” “expect,” “expected,” “pending” and similar expressions
identify forward-looking statements. The forward-looking statements
in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including
without limitation, examination by the Partnership’s management of
historical operating trends, data contained in its records and
other data available from third parties. Although the Partnership
believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond the Partnership’s control, the
Partnership cannot assure you that it will achieve or accomplish
these expectations, beliefs or projections.
In addition to these important factors, other
important factors that, in the Partnership’s view, could cause
actual results to differ materially from those discussed in the
forward-looking statements include the strength of world economies
and currencies, general market conditions, including fluctuations
in charter rates and vessel values, changes in demand for Liquefied
Natural Gas (LNG) shipping capacity, changes in the Partnership’s
operating expenses, including bunker prices, drydocking and
insurance costs, the market for the Partnership’s vessels,
availability of financing and refinancing, changes in governmental
rules and regulations or actions taken by regulatory authorities,
potential liability from pending or future litigation, general
domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events,
vessel breakdowns and instances of off-hires and other factors.
Please see our filings with the U.S. Securities and Exchange
Commission for a more complete discussion of these and other risks
and uncertainties. The information set forth herein speaks only as
of the date hereof, and the Partnership disclaims any intention or
obligation to update any forward-looking statements as a result of
developments occurring after the date of this communication.
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