Paul Wogan projected GasLog would drop another LNG carrier into its MLP spin-off within the next few months as the New York-listed shipowner reported a weaker than forecast fourth quarter result today.
GasLog’s last dropdown came in November 2016 when it sold the 155,000-cbm GasLog Seattle (built 2013) to GasLog Partners in a deal worth $189m.
“Looking forward, we expect to dropdown another vessel into GasLog Partners in the first half of 2017, providing GasLog with additional capital,” chief executive Wogan wrote in the company’s fourth quarter report.
“This,
