Lena River News

Monaco-headquarters Dynagas LNG Partners said that it had estimated contracted time charter coverage for 98% of its fleet estimated available days for 2019, 100% of its fleet estimated Available Days for 2020 and 92% of its fleet estimated Available Days for 2021.As of March 21, 2019, the Partnership’s contracted revenue backlog estimate  was $1.38 billion, with an average remaining contract term of 9.5 years, the Liquefied Natural Gas (LNG) maritime transportation company said. Tony Lauritzen, Chief Executive Officer of Dynagas said: "All of our LNG carriers are or to be employed on long-term contracts with an average contract duration of approximately ten years…

When the Siberian winter bites and the mighty Lena River freezes, workers at the Yakutsk shipyard brace for a backbreaking but vital task - 'vymorozka'.As Siberia's summer is so short, freighters must be kept moving while the river, whose 4,400 km (2,735 miles) carry the region's economic lifeblood, is navigable. Repairs must be done in winter, when the river is frozen and the ships are wedged tight in the ice.Vymorozka, which translates as 'freezing out', is the process of cutting away the ice from around a ship's hull with chainsaws…

Monaco-based owner and operator of liquefied natural gas (LNG) carriers, reported a third-quarter ended September 30, 2018 loss of $654,000, after reporting a profit in the same period a year earlier.The gas shipping company said that the Q3 results included $2.3 million of scheduled class survey and dry-docking costs related to the Yenisei River, one of the three tri-fuel diesel engine (TFDE) vessels in our fleet.The company said it had a loss of 7 cents per share. Earnings, adjusted for non-recurring costs, were 4 cents per share. It has posted revenue of $31.3 million in the period, which beat Street forecasts.Tony Lauritzen, Chief Executive Officer of the Partnership, said: “Our reported earnings for the third quarter of 2018 were in line with our expectations.

Dynagas LNG Partners has entered into an agreement with Yamal Trade for the early commencement of the long term charter contract for employment of the ice class liquefied natural gas (LNG) carrier Yenisei River in the Yamal LNG Project. The owner and operator of LNG carriers said that pursuant to this agreement, the Yenisei River will commence operating 180 days earlier and as a result, the firm charter period has been extended from 15 years to 15 years plus 180 days. The Yenisei River was delivered early to Yamal LNG on August 14, 2018, immediately upon completion of its mandatory statutory class five-year special survey and dry-docking in Singapore.Tony Lauritzen…

Greece-based Dynagas LNG Partners has reported a second-quarter loss of USD 5.2 million, after reporting a profit in the same quarter a year before. "We are satisfied that the class surveys, including dry dockings, were completed in a quick and efficient manner with an average of approximately 15 days per vessel from arrival to departure at the shipyard. The vessels are on a 5-year special survey cycle, therefore we expect the next special class survey and related dry docking to occur in about 5 years," he added. "Our reported earnings for the second quarter of 2017 were, as expected, below those of the second quarter of 2016 and were impacted by the following: (i) the class surveys and related dry dockings of three of our vessels…

Dynagas LNG Partners signed a new long-term time charter contract for the Clean Energy. The Partnership, through one of its wholly owned subsidiaries, entered into a new long-term charter agreement with an affiliate of the Gazprom Group for the employment of its 2007 built 150,000 cbm steam turbine LNG carrier Clean Energy. The charter is expected to commence in July 2018 and will have a firm term of seven years and nine months. The Partnership expects to generate approximately $133.0 million of gross contracted revenues over the life of the contract. Charter Amendments for the Lena River and the Yenisei River: In connection with the new long-term charter contract for the employment of the Clean Energy…

Dynagas LNG Partners LP has entered into a new long term time charter agreement with Gazprom Marketing & Trading Singapore Pte Ltd. for the employment of the 2007 built 150,000 cubic meter steam turbine LNG carrier Clean Energy. The Clean Energy is the Partnership's only non-ice classed LNG Carrier. The charter is expected to commence in July 2018 and will have a firm duration of about 7 years and 9 months. The gross contracted revenue from this contract is expected to be approximately $133 million over this period. Following the expiration of the existing time charter to Shell in the second quarter of 2017, Clean Energy will undergo…

The financial results of Greece-based Dynagas LNG Partners LP (DLNG) for Q2 beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. It has profit of 43 cents per share. Earnings, adjusted for amortization costs, came to 48 cents per share. Dynagas reported  for the three and six months ended June 30 earnings of $17 million. It posted revenue of $42.6 million in the period. Tony Lauritzen, Chief Executive Officer of the Partnership, commented: "We are pleased to report our earnings for the second quarter of 2016. The three month period ended June 30, 2016 has been another strong financial quarter for us.

Dynagas LNG Partners, the owner and operator of LNG carriers, has signed an extension and two new charter deals with Gazprom for the 2007-built Ob River until May 1, 2018. In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel's redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days).

Monaco – March 31, 2016 –Dynagas LNG Partners LP. * Gazprom Global LNG Limited has extended its current charter for the 2007-built LNG carrier Ob River, on the same terms, until May 1, 2018 (plus or minus 15 days). In addition, the Partnership has entered into a new long-term time charter agreement with Gazprom Marketing and Trading Pte. Ltd., an affiliate of Gazprom, for the Ob River, which is expected to commence immediately following the vessel’s redelivery from its current charter with Gazprom, for a period of 10 years (plus or minus 15 days). *  The Partnership has entered into a new long-term time charter agreement for its 2013-built LNG carrier Lena River for the Yamal LNG Project.

Russian Emergency Situations Ministry predicts rise in water level to critical levels of 92 rivers in all regions of the Far East. The most unfavorable situation may arise on the Lena River in Yakutia. "After analyzing the information about the state of the ice in the rivers of the Far East and the amount of snow cover, the specialists of the Far Eastern Center for Monitoring and Forecasting Emergency Situations Ministry predict the possibility of raising the water level to the achievement of critical levels of 92 rivers in all regions of the Far East. In connection with the probability of flooding of low-lying terrain, populated areas, farmland and roads during the spring flood is not excluded on the whole territory of the region ", - reported in the Far Eastern Regional Emergency Center.

Vessel sales for January 2016 (as of February 1) as prepared by Shipping Intelligence, Inc., New York.

Dynagas LNG Partners LP has entered into an agreement with Dynagas Holding Ltd to purchase 100% of the ownership interests in the entity that owns and operates the Lena River, a 2013 built 155,000 cubic meter ice class liquefied natural gas carrier, and the related time charter contract with Gazprom Global LNG Limited, for an aggregate purchase price of $240.0 million. The closing of the Lena River acquisition is expected to take place on or before December 31, 2015 and is subject to customary closing conditions. The Lena River is currently operating under the Gazprom Charter, which has an initial term of five years and expires in October 2018.

ABB Turbocharging, the leading provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels: Arctic Aurora, Yenisei River, Lena River, Clean Planet, Clean Ocean, Clean Horizon and Clean Vision. In order to ensure the reliability of operation of all the 42 turbochargers operating on Dynagas Ltd vessels, ABB Turbocharging is fully accountable for scheduling in advance turbochargers’ regular servicing for a period of 3 years, relieving the customer of both the technical and administrative workload.

ABB Turbocharging, a provider for the manufacture and maintenance of turbochargers for 500 kW to 80+ MW diesel and gas engines, has signed a long-term Maintenance Management Agreement (MMA) with Dynagas Ltd. The service contract covers all Dynagas TFDE (tri-fuel diesel electric) vessels: Arctic Aurora, Yenisei River, Lena River, Clean Planet, Clean Ocean, Clean Horizon and Clean Vision. In order to ensure the reliability of operation of all the 42 turbochargers operating on Dynagas Ltd vessels…

In 2015, the volume of freight traffic along the Northern Sea Route has increased by 1.2 million tons and amounted to 5.1 million tonnes. This was at a meeting of the International Forum "The Arctic: Present and Future" in St. Petersburg deputy head FGKU "Administration of the Northern Sea Route" Nikolai Monki. "Ships of this year went through the Northern Sea Route for a few dozen more than in 2014, among them are Chinese court plans to operate on a permanent basis", - quotes the words of Monki Tass. He added that the anti-Russian sanctions have not affected the cargo. Overall, the administration Semorputi issued authorization to proceed 697 ships, including 124 foreign ones.

Russian warplanes bombed an 80-km (50 mile) wide river ice floe on Thursday in an attempt to unblock a build-up of meltwater which has forced thousands of people from flooded homes in eastern Siberia, the Emergencies Ministry said. But spokeswoman Marina Ryklina said the water level remained critically high around the town of Lensk. Helicopters were still evacuating residents and delivering vital supplies to remote settlements along the Lena river. "Fighter planes have dropped another six bombs on the ice blockage, but the water level has not fallen," Ryklina said. "They've got generators to keep the hospitals running and there have not been any casualties. But the situation is bad, it is worrying," she said.