37 for the same period compares with $0. If the stock price announcement is positive, it will facilitate a percentage increase before the end of the trading session after the earnings release. You've seen the summer time, several charters have taken coverage [Technical Issues] had a winter to assure vessel availability in what is actually proving to be a very interesting market. GasLog Partners LP is a limited partnership that is primarily engaged in the ownership, operation, and acquisition of LNG (liquefied natural gas), carriers engaged in LNG transportation under long-term charters. Measure audience engagement and site statistics to understand how our services are used and enhance the quality of those services. Today's speakers are Andy Orekar, Chief Executive Officer; Alastair Maxwell Chief Financial Officer; and to commence the call, Joseph Nelson, Deputy Head of Investor Relations. I know you have a lot of things going on, there's a couple of drydocks there. The lower left chart shows the growth in our distributable cash flow per unit which equates to approximately 9% compounded annually. And not necessarily the closing volatility%. Turning to Slide 7, on the financial position of the Partnership; our financial position continues to improve as we amortized our debt on schedule. Inherent in any investment is the potential for loss. For factors that could cause actual results to differ materially from these forward-looking statements, please refer to our third quarter earnings press release. All lines have been placed on mute to prevent any background noise. When is the earnings report for glop c start. That some companies are known for routinely beating earning projections.
Right side of the price move, that's a great thing. On this slide, we demonstrate how amortizing our debt build balance sheet capacity and equity value using the GasLog Glasgow as an example. GLOP^C Earnings Date. I just wanted to get a sense or understand a little bit better who decides to whether or not you guys extend? Understanding Options. LNG demand increased 8% in the third quarter of 2021 relative to the third quarter of 2020, as shown by the left-hand figure. In 2018 as a whole, we repaid $185 million, leaving us with net debt-to-total cap of 44% at the end of the year, and net debt-to-4Q annualized EBITDA of 4. GLOP-C Earnings Dates, Upcoming and Historical (GasLog Partners LP. Please disable your ad-blocker and refresh. Turning to Slide 21 and in summary. This analysis does not assume any vessel scrapping, although there are currently 19 vessels at about 3% of the global fleet over the age of 30 and we've seen already nine vessels scrapped so far this year. Commissions and Fees.
Evaluate Your Broker. This estimate has changed +7. Due to increased demand for containership and other merchant vessels, delivery time for a newbuilding order today are approximately three years, making the earliest delivery time in the second half of 2024. C earnings report date. Okay, alright, that's helpful. Jonathan Chappell -- Evercore ISI -- Analyst. Andy, just to follow-up on Jon's question around the buyback, we've had their -- comps maybe elsewhere in the shipping space that are very active I guess and kind of our being around capital structure and often that kind of comes at a detriment to shareholders.
So we have received a growing interest from the market following this transaction and what we are doing now is we are evaluating what are the further interest in this and we'll see if the conditions and the transactions fit the strategy we just discussed. Our next question comes from Donald McLee with Berenberg. You'll discover 5 surprising stocks to help you cash wnload the report FREE today >>Want the latest recommendations from Zacks Investment Research? Although there is a relatively strong addition to global shipping capacity, we anticipate that the growth of inter-basin trading and likely accelerate the recycling of all the tonnage will more than offset the scheduled deliveries over the next couple of years, projecting a relatively tight LNG shipping market through 2022 and 2023. In assessing this trade, you need to do your homework to ensure you collect sufficient. GLOP Stock Price and Chart — NYSE:GLOP. Kind of curious is -- what was -- what were the give and takes around deciding to either have an option or not have an option to buy that vessel back?
Suggest that positive earnings surprises not only lead to an immediate hike in a. stock's price, but also to a gradual increase over time. Roth vs Traditional. And traders can use it in their volatility-crush and volatility-rush strategies. Personalized content and ads can also include more relevant results, recommendations, and tailored ads based on past activity from this browser, like previous Google searches. You know, I think having said that, each third-party deal of course has a life of its own and requires a willing seller in a manner that is harder for us as a buyer to control the timeline and process around versus the drop-down. In addition, today's announced $25 million buyback program diversifies our means of distributing capital to unit holders and underscores our focus on total unitholder return. This combination of strong seasonal demand and under contracted supply has simulated shipping inefficiencies such as floating storage and interbasin trading, both of which contribute positively to shipping demand. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. ADRs, Foreign Ordinaries & Canadian Stocks. When does cpg report earnings. But I think that we won't -- we won't believe in that until the last minute. 50 for the current fiscal year indicates a year-over-year change of +7. On the bottom chart, you can see that the Partnership has continued to diversify its sources of equity capital, raising over $320 million during 2018 from a variety of sources, including $215 million in preferred equity, $45 million in common unit issued to our parent, and approximately $62 million from our ATM Program, including $53 million in new common units placed with Tortoise, a leading energy investor.
In Q4, there was a big pickup in LNG carrier orders. Fixed Income Products. The solid dark blue line shows vessel supply, based on ships in the water today and the current order book with no assumptions made for scrapping or FSRU conversion. GLOP.PRC | GasLog Partners LP 8.5% Perp. Pfd. Series C Stock Price & News. Operating Margin Growth? I'm pleased to report strong operational and financial performances under tight backdrop for the LNG shipping market. One last question about your cost of capital and the cost of capital differential between the GasLog and the Parent and the MLP, first of all, do you see that there is any differential here one of the -- or the other having a lower cost of equity or lower cost of debt. Announcements (EA) caused by an anticipated rise in Implied Volatility (IV). So are there third-party opportunities with long-term contracts with good counterparties that would realistically be put, kind of at or even above some of the drop-down opportunities from the parent? Show personalized ads, depending on your settings.
So, it contains more upside volatility than downside. Taken together, these actions have increased the Partnership's average charge of duration to approximately three years. Manage and Trade your Own Investments. Please turn to Slide 5, where I will discuss the recent modification to our IDRs. Fundamental company data and analyst estimates provided by FactSet. Volatility Predication Model. I'm not showing any further questions at this time. The shaded area represents low and high vessel demand scenarios based on a range of 1.
So that's very helpful, Alastair, thanks. Ex Div Date 03/07/2023. In November, we raised a $100 million of growth proceeds through the issuance of 8. Understanding Mutual Funds. I can take the first questions first. As our fleet gets larger, having a ship or two in the spot market is less impactful in the good times and it's less detrimental in the weaker periods of the market. So we're eager to put more assets through the existing structure, I think, before there's any further modifications. I will now hand over to Andy Orekar, CEO of GasLog Partners. The chart on the left display the future market, which presently implies a wider differential between US. And therefore, just because we're trading at below $22, I don't see us rushing into the market. RT Quote | Last NASDAQ LS, VOL From CTA | USD. Is it just completely the charter or is this the discussion among both of you guys?
Then I just wanted to go back to the buyback for a second and I appreciate also the ranges, it's extremely helpful. I think last year we paid almost $200 million of debt down and expect that to continue and so the ships that we own, sort of the steam ships you mentioned can be more competitive as they have lower levels of debt on them. There are 130 LNG carriers in the order book at present or about 20% of on the water fleet. There are some options and the options are the one that you list here in the lighter blue and we see actually the market is developing in an interesting way.
44 indicates a change of -4% from what GasLog Partners LP is expected to report a year ago.