GasLog Partners revealed its first dropdown in more than a year following a path predicted by analysts after the reopening of the MLP market.
It will pay $189m for the 155,000-cbm GasLog Seattle (built 2013) which is on charter to Shell until the end of 2020, with options for up to 10 years.
The deal, set to be completed in the fourth quarter, comes just a few days after a Stifle analyst predicted the MLP was ready for its first drop-down since last summer.
GasLog
