Dynagas LNG Partners LP (DLNG) - NYSE
  • Sep. 23, 2014, 4:29 PM
    • Dynagas LNG Partners (NASDAQ:DLNG) agrees to buy ownership interests in the entity that owns and operates the Yenisei River, a 2013 built ice class liquefied natural gas carrier, and the related time charter contract, from Dynagas Holding for $257.5M.
    • DLNG believes the deal is an accretive transaction consistent with its growth strategy.
    • Following completion, DLNG says it will recommend an increase quarterly cash distribution per unit of $0.03-$0.035, or annualized increase of $0.12-$0.14.
    | Sep. 23, 2014, 4:29 PM | 1 Comment
Company Description
Dynagas LNG Partners LP engages in the provision of seaborne transportation services. It owns and operates liquefied natural gas carriers which are employed to energy companies under multi-year charters. The company was founded by George Prokopiou on May 29, 2013 and is headquartered in Monaco.
Sector: Services
Industry: Shipping
Country: Greece