GasLog aiming at 40 vessels by end of 2017

GasLog aiming at 40 vessels by end of 2017

Monaco-based GasLog, owner and operator of LNG tankers, is launching the “GasLog 40:17” Vision to grow its fleet to 40 vessels by the end of 2017 through a combination of newbuildings and attractive M&A opportunities.

“A fleet of 40 vessels would give the GasLog platform additional size and scale in this growing market,” the company said in a statement on Tuesday.

“As long-term charters are placed against new vessels, the visible pipeline of dropdown assets for GasLog Partners would increase, driving both its LP and GP distribution growth and we believe this results in a compelling sum of the parts valuation for GasLog through its ownership interest in the LP and GP interests and Incentive Distribution Rights in GasLog Partners,” it added.

GasLog’s wholly owned fleet consists of 20 LNG carriers, including 10 ships in operation and 10 LNG carriers on order. The company has six LNG carriers operating under its technical management for third parties.

LNG World News Staff; Image: GasLog

Share this article

Follow LNG World News

One thought on “GasLog aiming at 40 vessels by end of 2017”

Comments are closed.

Events>

<< Jun 2019 >>
MTWTFSS
27 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 29 30

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNG Pricing, Trading & Hedging London

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

LNG Pricing, Trading & Hedging Houston

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >