What GasLog Partners does

GasLog Partners LP is a publicly traded limited partnership formed in 2014 to own, operate, and acquire liquefied natural gas (LNG) carriers. The partnership operates a fleet of eight wholly-owned LNG carriers plus three vessels under bareboat charter as of 2025, with an average carrying capacity of approximately 162,000 cubic meters. Vessels feature a mix of steam-turbine and tri-fuel diesel electric (TFDE) propulsion, with the partnership actively rationalizing its fleet toward modern TFDE tonnage via asset sales. The partnership is incorporated under the laws of the Marshall Islands, with its registered office in Majuro and principal executive offices and technical management based in Piraeus, Greece through subsidiary GasLog LNG Services Ltd. Additional offices operate in London (UK) and Singapore.

The company's core technology centers on LNG carrier fleet operations, including in-house vessel management with online monitoring of key machinery, electronic safety management systems with live updates, and a risk-based maintenance system that supported close to 100% fleet uptime from 2010 to 2018. Operations are conducted under long-term charter contracts with no use of intermediaries; all agreements are negotiated directly with charterers. The customer base consists primarily of large international energy companies (e.g., Shell) and new LNG market entrants, with charters structured as multi-year time charters or bareboat arrangements. Notable commercial relationships include Shell's five-year extension on GasLog Geneva and a $140M sale-leaseback of GasLog Sydney with China Development Bank Leasing.

GasLog Partners generates revenue through time charter and bareboat charter arrangements, both classified as recurring subscription-style revenue streams. Q1 2023 quarterly revenue was $99.1 million (up 16% year-over-year), with Adjusted EBITDA of $76.3 million (up 25% year-over-year). One-year TFDE time charter rates averaged approximately $155,000 per day in Q1 2023. In July 2023, parent company GasLog Ltd. acquired all publicly held common units for $8.65 per unit (a 24% premium), resulting in the delisting of common units from NYSE; preference units (Series A, B, C with coupons of 8.625%, 8.200%, and 8.500%) remain outstanding and trade on NYSE. The partnership has elected C corporation tax treatment for U.S. federal income tax purposes.

Name

GasLog Partners

Legal name

GasLog Partners LP

Website

https://gaslogmlp.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

501–1,000 employees

Short description

GasLog Partners LP is a publicly traded limited partnership that owns and operates a fleet of LNG carriers providing international liquefied natural gas transportation services under long-term charter agreements to major energy companies, operating as a controlled subsidiary of GasLog Ltd.

Ownership category

akta.pro rank

Product category

LNG Shipping Services

SIC

Deep Sea Foreign Transportation Of Freight (4412)

akta.pro primary industry

LNG Carrier Operators (TLADABAF)

akta.pro secondary industries

LNG Shipping & Marine Transportation (LNG Carriers, Chartering) (EUALAFAC), Liquefied Gas Transport (LNG/LPG/Ammonia) (TLADALAC)

Keywords

• LNG shipping
• LNG carriers
• Maritime transportation
• Time charter services
• Vessel fleet management

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Others

Revenue model

1. Time Charter Revenue: Revenue generated from long-term time charters of wholly-owned LNG carriers to customers. The vessels are operated under multi-year charter agreements with major energy companies.
2. Bareboat Charter Revenue: Revenue from vessels operated under bareboat charters where the company provides the vessel without crew, and the charterer operates the vessel.
3. Common Unit Distributions: Cash distributions to common unitholders. Distribution history shows declining quarterly distributions from $0.55 per unit in 2019 to $0.01 per unit from 2021 onwards, with a special distribution of $3.28 per unit paid in July 2023 upon merger closing.
4. Preference Unit Distributions: Quarterly distributions on Series A (8.625%), Series B (8.200%), and Series C (8.500%) Cumulative Redeemable Perpetual Fixed to Floating Rate Preference Units paid on the 15th of March, June, September and December.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

GasLog Partners owns and operates a fleet of LNG carriers providing international maritime transportation of liquefied natural gas under long-term time charters and bareboat charter agreements to major energy companies. The fleet of eight wholly-owned and three bareboat-chartered vessels has an average carrying capacity of approximately 162,000 cbm, supported by in-house vessel management, safety systems, and risk-based maintenance.

Product overview

GasLog Partners is an international owner, operator, and acquirer of LNG (Liquefied Natural Gas) carriers. As of 2025, the company operates a fleet of eight wholly-owned LNG carriers and three vessels on bareboat charters, with an average carrying capacity of approximately 162,000 cbm. The company's core offerings consist of LNG carrier transportation services providing international maritime transport of liquefied natural gas under long-term charter agreements, supported by in-house fleet management services for vessel operations, maintenance, safety, and performance monitoring. GasLog Partners is a publicly traded partnership (NYSE: GLOP-PA, GLOP-PB, GLOP-PC) that has elected to be treated as a C corporation for U.S. income tax purposes.

Differentiator

Problem solved

Functional benefit

Products and services

• LNG Carrier Transportation Services (Time Charters) International maritime transportation of liquefied natural gas using a fleet of LNG carriers operated under multi-year time charter agreements with major energy companies. The vessels are operated by GasLog LNG Services Ltd. with technical management, online monitoring, and safety systems.
• Bareboat Charter Vessels LNG carriers leased under bareboat charter arrangements where the vessel is provided without crew or management services and the charterer operates the vessel directly. Example: GasLog Sydney sale-leaseback with China Development Bank Leasing (CDBL).
• Fleet Management Services In-house fleet management providing vessel operations, maintenance, safety management, and performance monitoring for LNG carriers, including online monitoring of key machinery, electronic safety management systems with live updates, and a risk-based maintenance system.

Quantifiable outcome

• Close to 100% fleet uptime from 2010 to 2018
• +3 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• China Development Bank Leasing (CDBL)coreStrategic or Co-development Partner · 30 March 2023Completed sale and lease-back of GasLog Sydney, a 155,000 cbm TFDE LNG carrier built in 2013, with CDBL. Vessel sold for $140.0 million and leased back under a bareboat charter for five years with no repurchase option or obligation. This transaction was part of the partnership's capital allocation strategy.
• Shell plccoreChannel Partner/ Reseller/ DistributorShell is a major customer operating under long-term time charter. GasLog extended the time charter agreement for GasLog Geneva, a TFDE LNG carrier, by five years following Shell's exercise of their extension option. Shell represents a key relationship with major LNG market participant.

Scale indicators7 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Flex LNG: Public LNG carrier operator with one of the youngest TFDE/ME-GI fleets of large LNG carriers (~174,000-200,000 cbm). Operates under multi-year time charters to investment-grade energy counterparties and is the closest pure-play comparable to GasLog Partners on vessel size, propulsion tech, and charter structure.
• BW LNG: Privately held LNG carrier operator part of the BW Group, operating a modern fleet of LNG carriers under long-term charters. Comparable on charter structure and asset quality to GasLog Partners' TFDE fleet, though privately held.
• Cool Company: Public LNG carrier pure-play operating modern TFDE vessels under long-term charters, recently carved out from Golar. Highly comparable on vessel size, charter structure, and counterparty quality to GasLog Partners' fleet.
• Golar LNG: Owner-operator of LNG carriers and FLNG (floating liquefaction) infrastructure. Long-established LNG shipping peer with significant presence in long-term charters and exposure to LNG infrastructure projects beyond pure carrier operations.
• Dynagas LNG Partners: Public limited partnership operating a fleet of LNG carriers under multi-year time charters to international energy companies. Closest comparable MLP structure to GasLog Partners, with similar long-term contracted business model and identical TFG fleet focus.
• Höegh LNG: Owns and operates LNG carriers and FSRUs (floating storage regasification units) under long-term contracts. Similar focus on long-duration time charters and LNG infrastructure, with overlap on counterparty base of international energy majors.

Broad incumbents

• Stolt-Nielsen: Diversified shipping and tankers group with historical exposure to LNG shipping through Stolt LNG and chemical tankers. Comparable as a broader shipping peer with senior leadership talent overlap (Paolo Enoizi was previously MD at Stolt Tankers BV).
• Mitsui O.S.K. Lines: Major Japanese shipping conglomerate with significant LNG carrier fleet under multi-year charters to Japanese and global utilities. Overlaps with GasLog Partners on vessel size and long-term charter structure, serving many of the same major energy counterparties.
• GasLog Ltd. Parent company of GasLog Partners and itself an LNG carrier owner-operator with a larger fleet including newbuilds. Directly comparable business of owning and operating LNG carriers under long-term charters, and serves as the sponsor/drop-down source for the partnership.

Emerging players

• Avance Gas Holding: Shipping company with LPG carrier focus and growing exposure to energy shipping markets. Comparable as a smaller shipping operator with listed equity and contracted revenue model, though focused on LPG rather than LNG specifically.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about GasLog Partners