Upbeat GasLog orders new LNG carrier

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Monaco’s GasLog Ltd., the international owner, operator and manager of liquefied natural gas carriers, has announced the order of a new build 180,000 cubic metre Flex Plus vessel with XDF propulsion from Samsung Heavy Industries.

The new build vessel, Hull No. 2274, is scheduled to deliver in the second quarter of 2020 and is currently unchartered. The Company has also agreed options with Samsung for additional new build vessels.

Paul Wogan, Chief Executive Officer of GasLog, said: “Given that the outlook for LNG shipping demand remains robust, and with increasing evidence that new build prices are starting to rise, we have moved to lock in a very attractive price for our second new build order in 2018.

“We remain confident that the unit freight cost advantage offered by the latest generation vessels will make this ship highly attractive to customers looking for the most competitive solution to their LNG shipping requirements.”


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