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.


GasLog Ltd. is pleased to announce that it has successfully completed the acquisition of two LNG carriers from Methane Services Limited (“MSL”), a subsidiary of BG Group plc (“BG”), which was previously announced on December 22, 2014. This completes the third acquisition of ships from BG by GasLog in the last twelve months, with eight vessels acquired in total.
Epic Gas Ltd. announces the sale of the Epic Cebu (4,000cbm, 1997 built) and Cefalu (4,000cbm, 1996 built) to buyers engaged in Southeast Asian cabotage trades.
GasLog aims to extend options for six LNG carrier newbuildings at Samsung Heavy Industries. The options for six 174,000-cbm, high-specification ships expire next week. If the they are exercised, the South Korean yard group will deliver the ships in 2018 and 2019.
Mitsui OSK Lines unit Phoenix Tankers and Greek LPG carrier owner Dorian LPG have established Helios LPG, a pool comprising eight very large gas carriers (VLGCs). The pool will begin operating on 1 April from offices in London and Singapore.

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