Company: DLNG
Filing Date: 2025-04-10
Form Type: 20-F
Source: 0001104659-25-033744
Chunk: 140

Company: Dynagas LNG Partners LP
Filing Date: 2025-04-10
Form: 20-F
Item: Item 3
Chunk 140
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 trade growth.

Table of Contents

Principal Factors Affecting Our Results of Operations

The principal factors which have affected our results and are expected to affect our future results of operations and financial position, include:

  Ownership days. The number of vessels in our Fleet is a key factor in determining the level of our revenues. Aggregate expenses also increase as the size of our Fleet increases;  

  Charter rates. Our revenue is dependent on the charter rates we are able to obtain on our vessels. Charter rates on our vessels are based primarily on demand for and supply of LNG carrier capac...  
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  Utilization of our Fleet. Historically, our Fleet has had a limited number of unscheduled off-hire days. However, an increase in annual off-hire days would reduce our utilization. The efficienc...  

  Operating expenses. The level of our vessel operating expenses, including crewing costs, insurance, and maintenance costs. Our ability to control our vessel operating expenses also affects our ...  

  The number of off-hire days and dry-docking requirements, including our ability to complete scheduled dry-docking on time and within budget;  

  The timely delivery of any vessels we may acquire in the future;  
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  Our ability to maintain solid working relationships with our existing charterers and our ability to increase the number of our charterers through the development of new working relationships;  

  The performance of our charterers’ obligations under their charter agreements;  

  The effective and efficient technical management of the vessels under our Master Agreement;  

  Our ability to obtain acceptable equity and debt financing to fund our capital commitments;  

  The supply and demand relationship for LNG shipping services;  

  Our ability to obtain and maintain regulatory approvals and to satisfy technical, health, safety and compliance standards that meet our charterers’ requirements;  

  Our ability to successfully defend against any claims, suits, and complaints, including, but not limited to, those involving laws and regulations;  

Table of Contents

  Economic, regulatory, political, and governmental conditions that affect shipping and the LNG industry, which include changes in the number of new LNG importing countries and regions, as well a...  
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  Our ability