Owner and operator of LNG carriers Dynagas LNG Partners has reached an agreement to further extend the deadline for the purchase of two LNG tankers.The company said that the deal, which was reached on March 30, is related to the tankers Clean Ocean and Clean Planet.The purchase option, granted to the Partnership under the omnibus agreement, was pushed from March 31, 2018 to December 31, 2018.The company unveiled the agreement as part of its first quarter financial report in which it said that its net income for the period decreased by 62.5%.Net income for the three months ended March 31, 2018 was USD 4.8 million as compared to net income of USD 12.9 million in the corresponding period of 2017.The decrease was mainly attributable to the lower revenues earned for the Clean Energy which has been employed under a short-term charter during the first quarter of 2018.Although the earnings for the period were down, contracted backlog increased thereby enhancing the company’s revenue visibility, Tony Lauritzen, Chief Executive Officer of the Partnership, said.“With our fleet 85% contracted through 2018, 92% contracted through 2019 and 100% contracted through 2020, and with an estimated fleet-wide average remaining contract duration of 10.2 years, we believe we have significant cash flow visibility,” Lauritzen added.
Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment In Sunday night’s episode of OUR CARTOON PRESIDENT, the hilariously satirical animated comedy series from executive producer Stephen Colbert, Donald Trump attempted to compete with the charisma of Canadian Prime Minister Justin Trudeau.In the series’ fifth episode, Trump hosted the Oscars® and prepared for a state dinner with Canada. Trump attempted to “win” the dinner and beat Justin Trudeau, but the Cartoon Prime Minister came prepared with a bone-breaking handshake, a musical performance, and more.New episodes of OUR CARTOON PRESIDENT stream Sundays at 8 p.m. ET on CraveTV, day-and-date with SHOWTIME in the U.S. Advertisement Characters shown in still from OUR CARTOON PRESIDENT: Cartoon Justin and Cartoon Donald. (Season 1, Episode 5, “State Dinner”). – Photo: Courtesy of SHOWTIME -Photo ID: OurCartoonPres_105_029 Advertisement Twitter Facebook Advertisement
APTN National NewsImages and video of a defaced Canadian flag are causing a stir in the Northwest Territories.The flag was defaced and flown upside down at the Lutsel K’e Dene cultural camp at Fort Reliance.Written on the flag is “Ni Hat’ni,” which, translated means ‘watchers of the land.”The cultural camp is meant to teach youth about Dene traditions.The flag was apparently defaced by both youth and employees taking part in cultural activities at the site over the summer.The program is partially funded by Parks Canada.No one within the First Nation was willing to comment to APTN National News about the incident.