GasLog taps Samsung Heavy for LNG newbuild construction

GasLog taps Samsung Heavy for LNG newbuild construction
Image courtesy of Samsung Heavy Industries

Monaco-based LNG shipper GasLog placed an order with the South Korean shipbuilder Samsung Heavy Industries for the construction of a new liquefied natural gas carrier. 

The vessel will be capable of transporting 180,000 cubic meters of liquefied natural gas and will feature XDF propulsion from Samsung Heavy Industries, GasLog said on Monday.

The newbuild, currently only known as Hull No. 2274, is scheduled for delivery in the second quarter of 2020 and is yet to be tied up under a charter deal.

GasLog noted that it has agreed options with the South Korean shipbuilder for additional vessels.

Speaking of the order, GasLog’s CEO Paul Wogan said, “Given that the outlook for LNG shipping demand remains robust, and with increasing evidence that newbuild prices are starting to rise, we have moved to lock in a very attractive price for our second newbuild order in 2018.”

GasLog fully-owned fleet includes 29 LNG carriers currently with 23 ships in operation and six on order. The company also operates an LNG carrier it had previously sold to Mitsui and leased back under a long-term charter.

Share this article

Follow LNG World News

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

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

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >