DLNG

Dynagas LNG Partners LP is a master limited partnership owning and operating liquefied natural gas carriers providing seaborne transportation services to energy companies and utilities. The partnership owns LNG carriers chartered to international energy companies under long-term time charter contracts transporting LNG from liquefaction facilities to import terminals globally. Dynagas generates revenues from fixed-rate time charter agreements providing contracted cash flows over multi-year periods. The partnership is controlled by the Procopiou shipping family and operates LNG vessels serving global LNG trade. Headquartered in Athens, Greece, Dynagas was formed to own and operate LNG carriers and distribute cash to unitholders. The partnership benefits from long-term charter contracts providing revenue visibility, LNG shipping expertise, and modern vessels. Dynagas faces challenges including charter renewal risks with aging contracts, customer concentration, LNG shipping market volatility, vessel operating costs, and competition from larger LNG shipping companies. The partnership has faced financial pressures, reduced distributions, and vessel sale transactions. Dynagas continues to operate its remaining LNG carrier fleet, manage charter obligations, and navigate challenges in competitive LNG shipping markets while working to preserve value for unitholders.