GasLog Partners said it plans to maintain its cash distributions at current levels despite sector-wide concerns over cuts to investor payouts.
The Peter Livanos-backed GasLog said it will maintain a cash distribution per unit of $0.478 for the fourth quarter ending 31 December, unchanged from the third quarter and subject to board approval.
GasLog’s promise comes after two other maritime master limited partnerships, Teekay Gas Partners and Teekay Offshore Partners, announced 80% cuts to quarterly investor payouts.
