{"id":479733,"date":"2021-04-21T09:18:15","date_gmt":"2021-04-21T13:18:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/dynagas-lng-partners-lp-announces-new-time-charter-for-the-lng-carrier-arctic-aurora\/"},"modified":"2021-04-21T09:18:15","modified_gmt":"2021-04-21T13:18:15","slug":"dynagas-lng-partners-lp-announces-new-time-charter-for-the-lng-carrier-arctic-aurora","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dynagas-lng-partners-lp-announces-new-time-charter-for-the-lng-carrier-arctic-aurora\/","title":{"rendered":"Dynagas LNG Partners LP Announces New Time Charter for the LNG Carrier Arctic Aurora"},"content":{"rendered":"
\n

ATHENS, Greece, April 21, 2021 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (NYSE: \u201cDLNG\u201d) (\u201cDynagas Partners\u201d or the \u201cPartnership\u201d), an owner and operator of liquefied natural gas (\u201cLNG\u201d) 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<\/em>.<\/p>\n

Under the new time charter agreement, the Arctic Aurora<\/em> is expected to be delivered to Equinor in September 2021 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 \u2018in direct continuation\u2019 does not refer to the contracted income.<\/p>\n

The time charter period is about 2 years and the annual gross revenues from the time charter agreement are expected to be about $21.5 million.<\/p>\n

Tony Lauritzen, Chief Executive Officer of Dynagas LNG Partners LP, commented:<\/p>\n

\u201cWe are very pleased to enter into this new agreement with Equinor, with whom the Arctic Aurora<\/em> has been employed since its delivery in 2013, reflecting our long-standing relationship with Equinor and the outstanding operational performance of the Arctic Aurora<\/em> and our manager throughout the years.\u201d\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n

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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\u2019s current fleet consists of six LNG carriers, with aggregate carrying capacity of approximately 914,000 cubic meters.<\/p>\n

Visit the Partnership\u2019s website at www.dynagaspartners.com<\/p>\n

\n Contact Information:<\/strong>
\n
Dynagas LNG Partners LP
Attention: Michael Gregos
Tel. +30 210 8917960
Email: management@dynagaspartners.com<\/a>\u00a0 \u00a0\u00a0<\/p>\n

\n Investor Relations \/ Financial Media:<\/strong>
\n
Nicolas Bornozis
Markella Kara
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, NY 10169
Tel. (212) 661-7566
E-mail: dynagas@capitallink.com<\/a>\u00a0<\/p>\n

\n Forward-Looking Statements<\/strong>\n <\/p>\n

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.<\/p>\n

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 \u201cbelieve,\u201d \u201canticipate,\u201d \u201cintends,\u201d \u201cestimate,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cpotential,\u201d \u201cproject\u201d, \u201cwill\u201d, \u201cmay,\u201d \u201cshould,\u201d \u201cexpect,\u201d \u201cexpected,\u201d \u201cpending\u201d and similar expressions identify forward-looking statements. These forward-looking are not intended to give any assurance as to future results and should not be relied upon.<\/p>\n

The forward-looking statements in this press release are based upon various assumptions and estimates, many of which are based, in turn, upon further assumptions, including without limitation, examination by the Partnership\u2019s 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\u2019s control, the Partnership cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.<\/p>\n

In addition to these important factors, other important factors that, in the Partnership\u2019s view, could cause actual results to differ materially from those discussed, expressed or implied, in the forward-looking statements include, but are not limited to, the strength of world economies and currency fluctuations, general market conditions, including fluctuations in charter rates, ownership days, and vessel values, changes in supply and demand for Liquefied Natural Gas (LNG) shipping capacity, changes in the Partnership\u2019s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Partnership\u2019s vessels, availability of financing and refinancing, changes in governmental laws, rules and regulations or actions taken by regulatory authorities, economic, regulatory, political and governmental conditions that affect the shipping and the LNG industry, potential liability from pending or future litigation and potential costs due to environmental damage and vessel collisions, general domestic and international political conditions, potential disruption of shipping routes due to accidents, political events, public health threats, pandemics, international hostilities and instability, piracy, acts by terrorist or events, including \u201ctrade wars\u201d, vessel breakdowns, instances of off-hires, the length and severity of the COVID-19 outbreak, the impact of public health threats and outbreaks of other highly communicable diseases, the impact of the expected discontinuance of LIBOR after 2021 on interest rates of our debt that reference LIBOR, the amount of cash available for distribution, and other factors. Please see the Partnership\u2019s filings with the 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.<\/p>\n

\n
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<\/div>\n","protected":false},"excerpt":{"rendered":"

ATHENS, Greece, April 21, 2021 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (NYSE: \u201cDLNG\u201d) (\u201cDynagas Partners\u201d or the \u201cPartnership\u201d), an owner and operator of liquefied natural gas (\u201cLNG\u201d) 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 2021 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 \u2018in direct continuation\u2019 does not refer to the contracted income. The time charter period … <\/p>\n

Continue reading “Dynagas LNG Partners LP Announces New Time Charter for the LNG Carrier Arctic Aurora”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-479733","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nDynagas LNG Partners LP Announces New Time Charter for the LNG Carrier Arctic Aurora - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/dynagas-lng-partners-lp-announces-new-time-charter-for-the-lng-carrier-arctic-aurora\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dynagas LNG Partners LP Announces New Time Charter for the LNG Carrier Arctic Aurora - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"ATHENS, Greece, April 21, 2021 (GLOBE NEWSWIRE) — Dynagas LNG Partners LP (NYSE: \u201cDLNG\u201d) (\u201cDynagas Partners\u201d or the \u201cPartnership\u201d), an owner and operator of liquefied natural gas (\u201cLNG\u201d) 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. 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