GasLog starts share buyback bolstered by LNG shipping market upturn

GasLog starts share buyback bolstered by LNG shipping market upturn
Image courtesy of GasLog

Monaco-based LNG shipper GasLog pounced on the positive outlook in the LNG shipping market authorizing a special dividend payment as well as a share repurchase program. 

The company approved a dividend in the amount of $0.40 per share to its shareholders and authorized a share repurchase program of up to $50 million over the period from January 1, 2019, to December 31, 2021.

GasLog’s board believes that the LNG shipping market is in the early stage of a multi-year upcycle underpinned by positive LNG supply and demand fundamentals, the company said in a statement.

Commenting on the decision, GasLog’s CEO Paul Wogan said, “the special dividend underscores our positive outlook for LNG shipping markets.”

GasLog’s consolidated owned fleet consists of 32 LNG carriers including 25 ships on the water and seven on order.

Share this article

Follow LNG World News

Posted on November 28, 2018 with tags .


<< Feb 2019 >>
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


LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >