Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. All of the vessels in the company’s Fleet are contracted on multi-year time charters with international energy companies, including SEFE, Equinor, Yamal, and NextDecade.
Fleet
As of December 31, 2023, the company owned and operated a fleet of six LNG carriers, consisting of the three modern steam turbine LNG carriers, the Clean Energy, the Ob River and the Amur Riv...
Dynagas LNG Partners LP, through its subsidiaries, operates in the seaborne transportation industry in Greece and internationally. All of the vessels in the company’s Fleet are contracted on multi-year time charters with international energy companies, including SEFE, Equinor, Yamal, and NextDecade.
Fleet
As of December 31, 2023, the company owned and operated a fleet of six LNG carriers, consisting of the three modern steam turbine LNG carriers, the Clean Energy, the Ob River and the Amur River, and three modern tri-fuel diesel electric (TFDE) propulsion technology Ice Class LNG carriers, the Arctic Aurora, the Yenisei River, and the Lena River, which it collectively refers to as its Fleet. As of December 31, 2023, the vessels in the company’s Fleet had an average age of 13.4 years and is contracted under multi-year charters with an average remaining charter term of approximately 7.1 years. All of the vessels in the company’s Fleet are employed on multi-year time charters with international energy companies, such as SEFE, Equinor, Yamal, and NextDecade. As March 31, 2024, there were only 52 LNG carriers in the worldwide LNG trading fleet, including the six vessels in the company’s Fleet, in the size range of 149,000-155,000 cbm, of which 45 have a membrane cargo containment system.
Environmental and Other Regulations
A variety of government and private entities subject the company’s vessels to both scheduled and unscheduled inspections. These entities include the local port authorities (applicable national authorities such as the United States Coast Guard (USCG), harbor master or equivalent), classification societies, flag state administrations (countries of registry) and charterers, particularly terminal operators. Certain of these entities require the company to obtain permits, licenses, certificates and other authorizations for the operation of its vessels.
History
Dynagas LNG Partners LP was founded in 2013. The company was incorporated as a limited partnership under the laws of the Republic of the Marshall Islands in 2013.