GasLog cuts steel on LNG newbuild

GasLog cuts steel on LNG newbuild
Image courtesy of GasLog

Monaco-based LNG shipper GasLog started the construction of a new liquefied natural gas carrier at the South Korean shipbuilder, Samsung Heavy Industries. 

The company said it cut the first steel for the hull number 2213 starting the construction process.

The vessel will be capable of transporting 180,000 cubic meters of the chilled fuel.

The LNG carrier, which will be powered by a low-pressure dual-fuel engine, is expected to be delivered in the second quarter of 2020, according to Gaslog’s website.

Gaslog previously said that this vessel will be chartered to Pioneer Shipping Limited, a wholly owned subsidiary of the UK-based Centrica for an initial period of about seven years.

The LNG shipping company’s consolidated owned fleet currently consists of 30 carriers, with 25 of the vessels being on the water and five on order.

GasLog also has also an additional LNG carrier which was sold to a subsidiary of Mitsui & Co. and leased back under a long-term bareboat charter.

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