Greece-based New-York listed GasLog Partners, an international owner, operator and acquirer of LNG carriers, reported in its second-quarter results that it is lining up the sale and lease-back of a tri-fuel diesel electric (TFDE) LNG carrier.
In its financial results for the three-month period ended June 30, the company said that it had been pursuing an agreement for the sale and lease-back of a TFDE LNG carrier, resulting in the reclassification of that vessel as held for sale.
The owner reports that while no definitive agreement has yet been reached, the agreement is expected to be executed, and the sale expected to be completed, within the third quarter of 2024.
Meanwhile the company reported revenues for the quarter $87.3m compared to $97m for the same period last year.
As it is reported by the shipowner, the decrease of $9.7m is mainly attributable to the second half of 2023 and 2024 fixtures, partially offset by the increase in available days resulting mainly from the decrease in off-hire days due to scheduled dry-dockings and repairs (5 dry-docking off-hire days in the three-month period ended June 30, 2024, compared to 64 days in the same period in 2023).
Furthermore, the company had a profit of $38.6m for the quarter compared to $35.7m for the same period in 2023.
The increase in profit of $2.9m is mainly attributable to a decrease of $12.6m in net financial costs due to the debt prepayment in November 2023 (following the refinancing of all of its vessels at the parent level of GasLog), partially offset by a decrease of $9.7m in revenues.
