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GasLog orders new LNG carrier at Samsung

GasLog orders new LNG carrier at Samsung

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LNG shipowner GasLog has announced that it has ordered a newbuild 180,000 cu m LNG carrier from South Korea’s Samsung Heavy Industries.

The vessel features XDF propulsion and is scheduled to be delivered in the third quarter of 2019, when GasLog expects the LNG shipping market to be strong.

Paul Wogan, chief executive officer of GasLog, commented: “I am very pleased to announce this expansion in our fleet. We have secured this vessel at a very attractive cost and she will be equipped with the latest propulsion and cargo containment technology which will result in highly competitive unit freight costs. The vessel is expected to deliver into a strong LNG shipping market which, according to our estimates, will be short of capacity by the winter of 2019/2020.”

GasLog says the vessel is currently not attached to a charter.

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Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

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