GasLog announces delivery of GasLog Shanghai

GasLog announced the delivery of the fully owned LNG carrier GasLog Shanghai, from Samsung Heavy Industries. The vessel was delivered on budget and ahead of schedule.

Immediately on delivery she commenced a medium-term charter to Methane Services Ltd. (BG Group).

The vessel is a 155,000 cubic meter Tri-Fuel Diesel Electric LNG carrier that sets new standards for efficient performance and environmental protection. The vessel is classified to the ABS ENVIRO+ notation, signifying the highest level of environmental protection and energy conservation. Furthermore the vessel is equipped with a new type of cargo compressors that will reduce the release of greenhouse gasses and offer enhanced cargo and heel management.

The vessel will be operated by GasLog LNG Services Ltd. in accordance with their Marine Health, Safety, Quality, Environmental & Energy Management system which in December was certified by ABS to be in compliance with ISO50001.

GasLog has a further four LNG carrier newbuildings due for delivery this year, as well as two in 2014 and one in 2015.


StealthGas has entered into a sale and leaseback agreement for one vessel in its fleet, the 7,215cbm, built 2001, LPG carrier, Gas Premiership. The proceeds from the sale of the vessel are $14.2 million and net proceeds after debt repayment are approximately $7 million. The Company will continue to operate the vessel and entered into agreement to bareboat charter back the same vessel for four years.
Europe is set to become a dumping ground for the world’s unwanted gas supplies this winter as Asian demand for sea-borne shipments fizzles out, leaving dealers to seek out willing buyers at rock bottom prices.
South Korea’s state-owned Korea Gas Corporation will buy fewer spot LNG cargoes for the foreseeable future in response to shrinking domestic demand, a senior executive told Platts.
Oslo-listed gas carrier BW LPG has no plans to list its shares on a U.S. stock market, even though analysts believe the firm's assets could potentially obtain a higher valuation, Chief Executive Officer Nicholas Gleeson said on Thursday.

Market Reports


Enter Keyword
Filter by Category