Dynagas LNG Partners LP announces new time charter for LNG carrier Arctic Aurora

Dynagas LNG Partners LP, owner and operator of liquefied natural gas (“LNG”) transport company, announced today that it has entered into a new time charter contract with Equinor ASA (“Equinor”) for the use of the 2013 built ice class LNG carrier Arctic Aurora.

According to the new time charter contract, the Arctic Aurora is expected to be delivered to Equinor in September 2021 as a direct continuation of the current charter party with Equinor, which means that there is no period of time between the current and the new time charter. The term “in direct continuation” does not refer to the contractually agreed income.

The time charter period is approximately 2 years and the gross annual income from the time charter agreement is expected to be approximately $ 21.5 million.

Tony Lauritzen, CEO of Dynagas LNG Partners LP, commented:

“We are very excited to enter into this new agreement with Equinor, which the Arctic Aurora has been engaged in since it shipped in 2013. This reflects our longstanding relationship with Equinor and the excellent operational performance of Arctic Aurora and our manager across the region for years. “
Source: Dynagas LNG Partners LP

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