GasLog Orders LNG Carrier from Samsung Heavy

Greece-based owner and operator GasLog Ltd has placed an order for a new liquefied natural gas (LNG) carrier at South Korean shipbuilder Samsung Heavy Industries (SHI).

Featuring XDF propulsion and a capacity of 180,000 cubic meters, the new vessel is scheduled to be handed over to its owner in the third quarter of 2019.

“We have secured this vessel at a very attractive cost and it will be equipped with the latest propulsion and cargo containment technology which will result in highly competitive unit freight costs,” Paul Wogan, Chief Executive Officer of GasLog Ltd., said.

The LNG carrier is currently unchartered “but its early delivery means that it is expected to deliver into a strong LNG shipping market,” GasLog informed.

GasLog estimates that the LNG shipping market will be short of capacity by the winter of 2019/2020.

The construction deal is worth around KRW 210 billion (USD 195 million), Samsung Heavy Industries earlier said.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 1 2 3

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >

LNG2019

LNG2019 features the largest number and highest level of LNG industry leaders.

read more >

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >