GasLog Partners Sells USD 53 Mn Worth of Shares to Tortoise(marine crane manufacturer;offshore crane manufacturer)

- Sep 28, 2018-

gaslog-550x326.jpgThe partnership plans to use the net proceeds from the sale for general partnership purposes, which may include future acquisitions, debt repayment, capital expenditures and additions to working capital.

“We currently expect that this will include future acquisitions from GasLog Ltd.,” GasLog Partners informed.

The common units are being sold at a price of USD 23.60 per common unit through the partnership’s at-the-market common equity offering programme.

“I am very pleased to welcome Tortoise, a leading energy infrastructure investor, as a significant unitholder in the Partnership. This equity issuance and execution format demonstrates our access to diverse and competitive capital sources, and fulfills our expected equity requirements for growth in 2018,” Andy Orekar, Chief Executive Officer of GasLog Partners, said.

(marine crane manufacturer;offshore crane manufacturer)

Product DescriptionOUCO-0-38T3-5M-Yacht-Marine-Crane.jpgOUCO-0-38T3-5M-Yacht-Marine-Crane.jpg

OUCO manufactures small service cranes in different boom lengths and depending on the crane’s application, we offer certification by all major classification societies and a broad set of available accessories. They are designed and manufactured in conformity with the current Marine Rules and they can be customized on request.

Product Features

Simple design simplifies the maintenance. 

Compliance with the most demanding safety rules and regulations;

Overload protection; 

Reliable long service life guaranteed through the use of high quality reputable components, extensive endurance testing and easy future upgrades.

(marine crane manufacturer;offshore crane manufacturer)