Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 263

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 5
Chunk 263
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 and special survey costs were nil, compared to $17.7 million for the year ended December 31, 2023, representing a decrease of $17.7 million or 100%. The three TFDE vessels in our Fleet, the Arctic Aurora, the Yenisei River and the Lena River completed their scheduled special survey and dry-dock in the year ended December 31, 2023. No special survey or dry-docking took place on our vessels in the year ended December 31, 2024.
General and administrative expenses—including related party. General and administrative expenses increased by 5.0%, or $0.1 million, to $2.1 million during the year ended December 31, 2024, from $2.0 million during the year ended December 31, 2023. This increase of general and administrative expenses is mainly attributable to increased legal expenses and audit fees.
Management Fees. We incurred an aggregate of $6.6 million, or $3,005 per LNG carrier per day in management fees for the year ended December 31, 2024, compared to an aggregate of $6.4 million, or $2,917 per LNG carrier per day in management fees for the year ended December 31, 2023. The 3.1%, or $0.2 million, increase in management fees is consistent with the annual 3% increase in daily management fees pursuant to the Master Agreement see also “Item 7. Major Unitholders and Related Party Transactions—B. Related Party Transactions”. 

97

Depreciation. Depreciation expense increased by 0.9%, or $0.3 million, to $32.2 million during the year ended December 31, 2024, from $31.9 million during the year ended December 31, 2023. The increase is due to a differential in the number of calendar days between the compared periods.
Interest and Finance Costs. Interest and finance costs decreased by 20.4%, or $8 million to $31.2 million during the year ended December 31, 2024, from $39.2 million during the year ended December 31, 2023. The decrease in interest and finance costs was predominantly due to the reduction in the outstanding balance of interest-bearing debt in the year ended December 31, 2024, as compared to the corresponding period of 2023.
Interest Income. Interest income decreased by 3.8%, or $