GasLog Partners has cut a deal to refinance a third of its ships at the same time as ringing up a first quarter profit.
The New York-traded company has entered into a $450m credit agreement with Credit Suisse, Nordea Bank, filial i Norge and the Singaporean branch of Iyo Bank to refinance five of its ships.
The deal saw the 155,000-cbm GasLog Shanghai, GasLog Santiago and GasLog Sydney (all built 2013) refinanced, along with the 145,000-cbm Methane Rita Andrea and Methane Jane Elizabeth (both built 2006).
