GasLog Partners

Another one bites the dust: LNG shipping’s GasLog to delist

GasLog LNG ship

More shipowners have come to Wall Street than have left over the past half decade. Yet most of the new arrivals have been micro-cap stocks and some of the departures have been big names.

On Monday, liquefied natural gas (LNG) shipping giant GasLog Ltd. (NYSE: GLOG) announced plans to go private. 

The delisting of GasLog follows on the heels of January’s agreement to fold Navios Containers (NYSE: NMCI) into Navios Partners (NMM), December’s “take private” announcement by Seacor (NYSE: CKH) and...

https://www.freightwaves.com/news/another-one-bites-the-dust-lng-shippings-gaslog-to-delist

GasLog Ltd. and GasLog Partners LP Agrees To Eliminate IDRs

  • GasLog Partners to benefit from a differentiated corporate and financial structure, being the first marine MLP to eliminate IDRs. 
  • GasLog in a transaction will receive 2,532,911 common units and 2,490,000 Class B units. 
  • The Class B units will be a new class of LP interest and will not receive any cash distributions until they convert into common units and will also have no voting rights.
  • The transaction is expected to be immediately accretive to distributable cash flow per LP unit and to...

http://mfame.guru/gaslog-ltd-and-gaslog-partners-lp-agrees-to-eliminate-incentive-distribution-rights/

LNG Shipping Owner GasLog Partners Foresees Spot Rate Recovery

  • GasLog Partners expects to benefit from a rebound in charter rates and continued demand for shipping from export project developers.
  • The fall was largely due to a non-cash $12 million decline in derivative valuations, and to a lesser extent, lower rates for three vessels after their previous charters expired.
  • The LNG shipping market is divided into two very distinct categories – the extremely volatile spot market and the much more stable multi-year long-term charter market.

According to an...

http://mfame.guru/lng-shipping-owner-gaslog-partners-foresees-spot-rate-recovery/

+ More