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>

<< Mar 2019 >>
MTWTFSS
25 26 27 28 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 31

6th Mozambique Gas Summit & Exhibition

The CWC Group and ENH would like to thank all attendees, speakers, sponsors and exhibitors…

read more >

LNG2019

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 >