GasLog Partners GLOP-PB

GasLog Partners is a Marshall Islands limited partnership primarily engaged in the ownership, operation and acquisition of liquefied natural gas carriers for the transportation of LNG worldwide. As of March 12, 2026, the partnership owned or controlled a fleet of 11 LNG carriers, comprising ten vessels with modern turbofan diesel electric (TFDE) propulsion and one steam propelled vessel. Each ship has a cargo capacity between 145,000 and 174,000 cubic meters, placing them in the medium size class that is compatible with most existing LNG terminals. All vessels are double hulled, employ a membrane containment system, fly the Bermuda flag, and have earned an ENVIRO+ notation from the American Bureau of Shipping for environmental performance.

The partnership earns revenue by chartering its vessels under time charter agreements, receiving daily hire rates from customers for the use of its LNG carriers. Its charters are divided into long term time charters, defined as contracts with an initial duration of more than three years, and short term spot market charters, with initial durations under three years. As of the reporting date, five vessels operate under long term charters while six trade in the spot market, providing flexibility to capture short term opportunities. The hire rate under each charter is a fixed daily amount payable monthly in advance, subject to possible adjustments for performance or contractual optional periods. Revenue is therefore directly linked to the number of vessels on charter and the applicable daily rates.

GasLog Partners operates within the highly competitive LNG shipping industry, where competition is driven by charter rates, vessel availability, size, age, technical specifications, operational reputation, and relationships with major energy users. The partnership benefits from being part of the GasLog group, which is recognized as a leading independent international owner, operator and manager of LNG carriers, with a combined fleet of 35 LNG carriers (including two on order) as of March 12, 2026. Competitive advantages include a fleet dominated by modern TFDE propulsion vessels, long term contracts with reputable counterparties such as Shell and Kansai, and technical management services provided by GasLog LNG Services that ensure high operational standards. The partnership’s vessels also carry environmental notations that meet stringent industry guidelines, enhancing appeal to environmentally conscious charterers.

The partnership’s customer base consists primarily of international energy companies, utilities, and trading firms that require LNG transportation services. Specific charterers named in its disclosures include Shell, which charters the GasLog Glasgow, GasLog Geneva and GasLog Gibraltar; Kansai, which charters the Solaris; an Asian LNG buyer, which charters the Methane Rita Andrea; an Energy Trading & Marketing Firm, which charters the GasLog Seattle; and a major energy exploration company, which charters the GasLog Santiago. In addition, the vessels trading in the spot market, namely GasLog Shanghai, GasLog Sydney and GasLog Greece, are available to a broad range of energy traders and utilities seeking short term LNG shipping capacity.